Allyshipping

The next four months will be a ride.

In Canada the CERB is slated to end, punting eight million people back onto their own resources. Unless, of course, the Trudeau government keeps the tap flowing. In that case (done deal), federal finances will further disintegrate, promising higher tax rates. Either way, not a swell outcome.

Close to a million households which have deferred mortgage payments for half a year will have to find the dough to start paying again. Don’t count on the banks extending this program – it’s too damn costly. So expect more listings since the unemployment rate is staying high for a while. A long while.

There’ll be a federal budget, or at least an economic update. It’ll be shocking.

And, of course, there’s a US presidential election on November 3rd. Unless there isn’t (more on that in a moment).

American politics loom large for everybody. Trump has been a polarizing figure now facing the electorate with (as mentioned last week) three daunting challenges: a public health crisis (Covid ain’t over yet), civil unrest plus a crashed economy and record unemployment. Joe Biden currently has a wide lead in polls (49.8% to 41.7%), favoured by blacks, Latinos, suburbanites, women, Mills and a growing number of older white dudes. He’s also ahead in key battleground states like Wisconsin and Michigan. Polls change fast, but right now they point to a Trump crash-‘n-burn.

Biden in the White House would likely mean expanded trade (good for investors) but a bigger government presence and enhanced social spending (not so good) as well as forced corporate reform (bad). Enhanced taxes are likely. So Mr. Market would rather have Trump.

Now, let’s dip into the contentious issues of Black Lives Matter and, while we’re at it, MeToo. These days we’re bombarded with newspeak and newthink. “White silence equals violence,” for example. Or corporations telling people to alter their signature blocks with “preferred pronouns.” Or the spreading use of fuzzy words like “allyship.” In recent weeks, since the death of George Floyd, the BLM movement has exploded with the same force and fury as did MeToo post-Harvey Weinstein.

These causes are seminal of course. But it’s interesting to note why they gained so much velocity so fast, and what impact they might have on your TFSA (to be crass about it). A US political scientist, quoted in the New York Times, has an interesting theory about social justice and Donald Trump.

Simply put, the populace moves in the opposite direction to leaders. When Obama moved left, people drifted right, making gun control legislation impossible. As Trump lurches right, citizens trend left, giving momentum to social justice issues like racial and gender equality. Of course, the shock of George Floyds’ death mobilized public sentiment and Trump has been extreme on a daily basis, exacerbating change. Plus hundreds of millions of people are frustrated, inconvenienced and impacted by the virus.

As a result, there’s a yawning appetite for change, now focused on two of Trump’s weakest profile points – race and sex. And this helps explain the shift left in politics. Biden isn’t exactly the embodiment of a youthful, ethics-based revolution, but he stands to reap the harvest.

Source: New York Times

Unless there’s no election. Or, at least, a fair one.

Covid will be with us in November, and the only logical way to have a vote without long, dense lines of people is with mail-in ballots. Many people worry this process is open to manipulation, fraud or just bumbling and results could be inconclusive. In that case the 12th Amendment calls for a president to be elected by the House of Representatives, where each state gets one vote. So much for the big Democratic bulge in places like New York and California. Trump wins.

Far-fetched? Absolutely. But when 2020 started did you expect there’d be a global pandemic, 15% unemployment, the worst economy since the Depression, no hugging, eight million Canadians on government pogey, masked people in the grocery store, shuttered office towers, areas and malls or mass protests on three continents ignited by one death in Minneapolis?

Of course not. And it’s only June.

Takeaways?

Be careful where you invest. For example, people with units in a major real estate-based mutual fund just learned they’re locked in. No redemptions.

“During this challenging time, we want to help protect the long-term value of your plan members’ investments in their group retirement plan. This is why Manulife is temporarily restricting member-directed redemptions and transfers from the Manulife Canadian Pooled Real Estate Fund in your plan, effective at 4:00 p.m. ET on June 12, 2020.”

That notice was sent out three days after the fund was locked down, ensuring nobody could cash out. Nice. Thanks, Manulife.

Expect volatility. The Vix shot up from 25 to 40 in recent days (it hit 82 in April when the virus arrived). The next few months may well see a return to big daily swings on stock markets as a torrent of economic, health, social and political news washes over investors. In a world like this, seek balance. Ensure you have a stable fixed-income component to your portfolio. Some boring is good.

Let no tax shelter or advantage go unused. Shift assets into your TFSA until it’s stuffed. Ditto for your spouse and adult kids. Utilize your available RRSP room, and borrow at today’s ridiculously low rates to do so – using the tax refund next year to pay the loan down. Or make a contribution in kind, shifting existing, taxable assets into your registered retirement plan.

Also consider harvesting capital gains while the inclusion rate stays low (now at 50%) instead of waiting until after the next budget. Split income with a spousal RSP into which the higher-taxed person contributes and claims the deduction while the other can cash out later at a lower rate. Set up a spousal loan to gift investment funds without attribution. Make the less-taxed spouse the investor while their partner pays the bills. And, of course, don’t defer your mortgage.

Oh, and get a helmet.

224 comments ↓

#1 HowDeepThe Pain? on 06.15.20 at 2:37 pm

Justin!!!

Stop spending my money while destroying the economy!!

It’s June 15th, I finally get to work for myself tomorrow and the rest of the year. Handing all my income over to the government for 6 months is borderline theft.

#2 Andrewski on 06.15.20 at 2:49 pm

Take Garth’s advice blogdogs.

#3 TurnerNation on 06.15.20 at 2:49 pm

Helmet?Haircut. If people doubt the our elites are simply toying with us now, idly flicking their weapons our way, such as: the media.
Now promoting North Korea approved hairstyles. Of course promoting the genderless, transhumanistic agenda at the same time. Well done.

Welcome to the New System. We are after all in the Compliance/re-education stage. Every media campaign (a war term) is a test, measuring to see if we will comply:

“Coronavirus haircut: Short and sleek, bob cut can save lives
HeraldScotland-18 hours ago
Coronavirus haircut: Short and sleek, bob cut can save lives. Model Twiggy immortalised the ‘bob cut’ look back in the Swinging Sixties.
Hairdresser claim short hairstyles will help stop the spread of …
Birmingham Live-56 minutes ago
Hairdressers must revive bob cut and ditch blow drys to …
Yahoo Lifestyle-Jun. 14, 2020
Shorter hairstyles will help stop spread of Covid, say …
International-ExaminerLive-10 hours ago”

#4 Jenn on 06.15.20 at 2:49 pm

Garth, I love your blog and have been a reader for a number of years now. Thank-you for all of the excellent financial advice. I have followed it in my financial life.

I am sad at what Trump has done to the US and to the United States’ reputation globally. Covid is a mess there. His bundling of the race protests is also a mess. No empathy, certainly no leadership, just hard lined reactions and cheering harsh policing. I have to say as a Canadian that I absolutely hope that Biden wins in November and that the US starts to heal with a leader once again at the helm. I have liked most of the US Presidents, both red and blue and always respected the office until now. Now I, like many I know, pity the country and what used to be the highest office in the world, the US President, has become a sad Twitter festering ego-maniacal joke.

Social reform is absolutely necessary in the US and other countries (including Canada) and I hope that things do change in a concrete way etc. I have never thought much about my white privilege until the past few weeks. Now I’m really taking a look in the mirror and the bubble that is my life. There are things I can do in my position to help others and I have started to think of how. Tweeting and Facebook feel good posts do little to really help minorities gain a bit of what I take for granted every day. It has led to a fair bit of introspection and I will follow that up with action.

For those of us who were lucky to stay employed and not get sick, Covid has given us a great opportunity to pay off debt, start to save more and to think about what’s really important in life. Let’s hope we retain those lessons going forward.

#5 FreeBird on 06.15.20 at 2:51 pm

Good time to send your financial advisor and accountant a thank you or get one (or both) if you don’t. Comments will be interesting today. Get some wine or popcorn…or don’t look. Take the dog or spouse for a walk.

#6 Marco on 06.15.20 at 3:07 pm

Well, BLM is all the rage but sympathy for killed native Canadians is nobody concern
C’mon taxpayers with well balanced portfolios… search your soul a little bit. Do not worry about Trump he still is not your Prez.

#7 Handsome Ned on 06.15.20 at 3:07 pm

Here is a stock tip: Marks Work Warehouse, apparently none of these stores got looted. Have a beer and popcorn on this one.

#8 conan on 06.15.20 at 3:17 pm

The latest is Trump 14 points behind Biden. That is a massacre. Expect the Republican party to minimize the Trump.

The CERB got extended, but it might be a different kettle of fish this time around. I still expect an election around October and it is going be a very painful outcome for the Conservative Party.

Not a good time to be a Conservative candidate.

#9 Sail away on 06.15.20 at 3:17 pm

#4 Jenn on 06.15.20 at 2:49 pm

I have never thought much about my white privilege until the past few weeks. Now I’m really taking a look in the mirror and the bubble that is my life. There are things I can do in my position to help others and I have started to think of how.

——————-

You should definitely vote for the Venezuelan Canadian on the ballot next time around. All your friends and blog readers as well.

Strike a blow against discrimination! Build an equitable society!

#10 Sail away on 06.15.20 at 3:20 pm

Don’t vote for anyone with European, Russian, Lithuanian, Scandinavian, English, etc., heritage, though, because they’re, like, whitish, and hence less deserving in the current climate.

#11 MaxtheTax on 06.15.20 at 3:21 pm

Garth what do you think: Alberta PST coming soon?

Kenney back on May 5th said:
“I do not believe that the right response in the midst of that economic crisis is to impose a new tax,”

just a matter of time before he changes his mind?

#12 What are you blathering on about now? on 06.15.20 at 3:28 pm

Unless they’re of Amerindian or African heritage, Venezuelans are just Europeans with a tan.

#13 baloney Sandwitch on 06.15.20 at 3:28 pm

“Americans Will Always Do the Right Thing — After Exhausting All the Alternatives”.
For people who think social justice and socialism is all bad this might make them think Where in the world is it easiest to get rich? | Harald Eia | TEDxOslo https://youtu.be/A9UmdY0E8hU

#14 Sail away on 06.15.20 at 3:28 pm

Because it is becoming clearer every day that Homo Sapiens who evolved in a more northern climate requiring less skin pigmentation in order to more efficiently uptake available UV rays were also imbued by their Creator with certain unforgivable faults, such as, for example, lighter skin.

#15 Irish Stew on 06.15.20 at 3:38 pm

With the low cost of money – is leveraging a mistake right now?

Trump may lose – but he will abuse Biden in the debates – assuming Biden remembers when they are.

Regardless of all movements – I think we can all try to be better people…..

#16 The West on 06.15.20 at 3:38 pm

Who cares about America’s issues?

We need to get JT2 out NOW!

#17 Deplorable Dude on 06.15.20 at 3:46 pm

Over a million folks just signed up for Trump’s next rally.

Go ahead and believe the MSN polls if you want, worked out so well last time didn’t it……lol…

#18 Next budget And RRSP on 06.15.20 at 3:50 pm

Hi Garth thanks for the blog post
next budget is usually February, but do you think the economic update in September? Or earlier? will have the capital gains changes? Or do you think they will wait till next year.

I am retired and started cashing in RRSPs, before taxes start to rise, but now I am thinking better to leave inside the RRSP and make capital gains and withdraw later?
Hard to choose to many variables.

And yes I am sick and tired of my portfolio losing and gaining thousands each day and sometimes from morning till closing like today. Tempted to cash it all in.

#19 binky barnes on 06.15.20 at 3:52 pm

CERB extended. King Justin knows exactly what he is doing my friends–he has this figured out both short and long term. Sleep easy!

BB

#20 Trudeau’s Magic Money Machine on 06.15.20 at 3:57 pm

Good thing I got that supercharger horsepower upgrade.

Cause Justin has me workin’ overtime now.

I’m gonna be spitting’ out bills like birthday invitations, everybody gets some.

Don’t worry though, it’ll be okay, money is just a concept anyway.

#21 TurnerNation on 06.15.20 at 4:05 pm

My pronouns are He, His, Him, Blog Dog.

#22 Yukon Elvis on 06.15.20 at 4:06 pm

I dislike Trump. A lot. But Joe Biden is senile and incoherent half the time. I think Trump is the lesser of two evils. Again. Sad that the Dems had four years to come up with a decent candidate and platform and failed. Sad that Trump and Biden are the “best” candidates that America could come up with. Hard times ahead.

#23 Westcdn on 06.15.20 at 4:12 pm

It is kind of ironic – one of the sayings amongst us was “that was mighty white of you”. For those they were trying to improve, it was disappointing how some people guard their positions by lying, cheating and stealing. I still have an edge against complacency.

#24 KP on 06.15.20 at 4:17 pm

Looks like capitalism is reverting to socialism and on it’s way to communism. Back in Communist USSR the party told companies and individuals what to charge for rent, services, etc. We are well on our way.

Government controlled rent, cost of capital, CHMC (extremely regulated and controlled housing market). Most of Canada’s top industries are under direct government control. Think telecommunications, banking and not to mention our competitive airline industry. As the system gets more and more loaded with debt the govt will take further and further ownership and control. Not sure where it ends but seems like we’re going towards a highly regulated socialist democracy.

One key indicator is the difference between public and private pay for entry level jobs. Let’s say 45k vs 30k in the private. Join the party and you get a 50 percent loyalty bonus plus raises every year.

I think governments will have to keep printing money in order to try and keep the population peaceful. We had an opportunity to fix things in 2006-2008 but instead we supercharged the debt machine.

Stay debt free

#25 KP on 06.15.20 at 4:23 pm

My guess… Valuable industries will be crony transfered to prefered groups and individuals. After that process is over the rest will be allowed to go bankrupt and we will see a reset of debt obligations. Similar to what happened in Russia circa 1990. The fed balance sheet has already blown up to 7+ trillion and counting. That means private assets have been transfered to the fed reserve in the amount of $7+ billion with BlackRock managing the assets. US version of oligarchs. Different but similar.

#26 Ronaldo on 06.15.20 at 4:25 pm

#20 Trudeau’s Magic Money Machine on 06.15.20 at 3:57 pm
Good thing I got that supercharger horsepower upgrade.

Cause Justin has me workin’ overtime now.

I’m gonna be spitting’ out bills like birthday invitations, everybody gets some.

Don’t worry though, it’ll be okay, money is just a concept anyway.
—————————————————————
So when to I get my 300 bucks?

#27 Biden will collapse at this pace on 06.15.20 at 4:26 pm

I fail to believe Biden is physically fit for presidency. He is so exhausted and the real race hasn’t begun. I’m just saying.

I reckon Mark Cuban or similar will swoop in last moment. I like Trump, but even Cuban could get my vote.

#28 Grunt on 06.15.20 at 4:28 pm

Why is it reportedly a monochrome world? We’re all one race in a global village. The human genome proves that. The differences are cultural and in pigmentation.

#29 T-Rev on 06.15.20 at 4:31 pm

No helmet but I got a haircut for the first time in six months this weekend. Cleaned up the curls at the sideS and back, but left the rest as long as it’s ever been. I’m protesting the madness of society the old fashioned way: I’m going to grow a man bun on my 40yo, Alberta cowboy conservative head, and let the mills figure out wtf to do with that when they see it above my “COVID is a Liberal Conspiracy” t-shirt. Sigh.

Anyway, all I really wanna know is whether I should be selling bonds. Yield have dropped up over the last week to near all-time lows. Makes sense, given growth and interest rates should be crap for a long while yet. But is it time to lock in some gains?

#30 Last CERB Arrived Today on 06.15.20 at 4:31 pm

Well my last payment of 2 g’s arrived today in my bank account. I paid some bills and have just over 1000 left over. I will be sad to see this money end. I have to say, I have really enjoyed receiving this cash over the last few months. Like REALLY enjoyed it! It was more than I was previously making so it was really sweet with the added bonus of not working. My work has still been closed and not slated to reopen anytime soon. Looks like a long, money free earning summer – so I hope JT keeps the cash rolling. I know a lot of people are angry that people like me have been receiving this cash, but I think it’s been great! I’m not even young, I’m in my late 40’s. Some will assume I’m a loser, but I feel So free. I’m not sure, I’ll even go back to work. I’ll see how I feel. Anywho – Enjoy this beautiful weather!

#31 Overheardyou on 06.15.20 at 4:32 pm

#34 Overheardyou on 06.12.20 at 3:12 pm
After trimming bonds and juicing equities in March, when would be the proper time to rebalance the portfolio?

You want to rebalance two months after the last rebalancing? Set it and forget it. – Garth

——

Thank you for your reply. My apologies in advance for Mr. Garth, does that mean I should be investing into bonds with new funds (I still have paycheck) or capitalize the equity gains and reinvest in bonds until I hit 60/40 again? Currently at a 90/10 weighting.

#32 truefacts on 06.15.20 at 4:34 pm

US is important – but what about Canada???

Will voters boot Justin out once the bill for all this spending comes due – one can hope…

We need a strong leader now. Leslyn Lewis looks very good – Phd, lawyer, self-made with her own law firm, can reach out to many voters… shouldn’t we want leaders who have made it on their own rather than prima donnas relying on a trust fund and hollow virtue signalling?

I’ll take the accomplished person from humble beginnings over spoiled “aristocrats” any day!!!

#33 Leftover on 06.15.20 at 4:34 pm

As a capitalist with horns in his forehead, I never got the point of racism. What possible reason is there for hobbling and entire population?

As for Trump, all we can expect is the unexpected. If Biden wins there’s a good chance he’ll turn off the spigot using higher taxes and that means trouble for CAD. If you must be in cash so you can sleep at night, it might as well be greenbacks.

#34 I Like the CERB Cash on 06.15.20 at 4:38 pm

If you want to send me more cash JT, I’m ready! Let’s keep this party of paying us going!

Who’s with me?

I like free money and I cannot lie
You others Getting free cash can’t deny

:-)

Peace out

#35 Blacksheep on 06.15.20 at 4:39 pm

Sam Harris has an interesting take on current events:

https://www.youtube.com/watch?v=vmgxtcbc4iU

#36 Much Moore than we think on 06.15.20 at 4:41 pm

I do think there’s a silent majority out there which will vote Trump, and Michael Moore thinks so too. Apart from KKK, it’s foolish to think 6ft white males are all sitting around hating blacks – what a pile of hogwash.

Minorities have had more opportunity than ever over the past years – more opportunity than the majority in many cases because of affirmative action.

At the end of the day Trump’s platform remains solid. Who wouldn’t want more jobs in the USA, to protect borders, less crime, etc. Even Chaz has that – community farming, secure borders and warlords trying to organize (reduce) crime.

Admittedly the real problem is most people don’t have a clue what the underlying platform is that they are voting for. As I have said many times before, you should have to demonstrate an understanding of what you are voting for before you vote.

First hand experience. My wife complains about everything liberal. So I tell her to stop voting liberal and she spits blood.

#37 TurnerNation on 06.15.20 at 4:43 pm

Early on only Celebrities and influencers apparently got CV – as their lucid and dutiful social media appearances logged. The die was cast. (That cast of actors didn’t die.)


Life in Kanada, give serious thought to structure your family around UBI. I figure it’ll be about 3000/month – indexed natched.
– Get married off the books, do not file at city hall.
– Charge your spouse rent if you must. But they will rake in 3000.
– Once your kids turn 18 have them live at home as borders – again charge token rent . Two kids will bring in 6000.
That’s 9000 a month!!! Enough for a 1-2 million dollar house. Uppa up.
If you like your job, are a sucker, or to keep up appearences, work a living as the lone capitalist holdout in your clan.

#38 Jay Currie on 06.15.20 at 4:45 pm

DELETED

#39 Deplorable Canadian on 06.15.20 at 4:47 pm

#17 Deplorable dude
I am with you, dual citizenship, fully Trump supporter against socialism. The silent majority.
Trump is the best president for blacks, whites, Latinos, immigrants. Very sorry for the current situation with the Canadian economy being destroyed by the son of a guy who helped Fidel Castro stay in power.

#40 classic... on 06.15.20 at 4:50 pm

wonderful. the FED will now buy INDIVIDUAL CORPORATE BONDS… no worries everyone, they’ll print a few trillion for that. Next, it’s going to buy up all your baseball and hockey cards at inflated prices, comics too. No worries, they’ll print money for that too. if push comes to shove, they’ll buy your home at least double market value. and you guessed it, they’ll print that too.. what a wonderful system.

#41 jess on 06.15.20 at 4:53 pm

Innovation conundrum swiss patents
The debate is raising a more fundamental question: Are patents good or bad for innovation?
https://www.swissinfo.ch/eng/hydroxychloroquine_balancing-hope-and-science-in-search-for-covid-19-cure/4567135

(skin in the game?)
«How dare you, Novartis?»
Public Eye – Focus on Global Justice
https://www.youtube.com/watch?v=hYxjfhjfPGg

innovation?

Clinical studies that are properly conducted are necessary to really determine the benefit of drugs, Narasimhan told the Reuters news agency on Tuesday. Only a few drugs had met the standards so far, he said. Novartis Chief Executive Vas Narasimhan recently told the SonntagsZeitung newspaper that, of its portfolio, the antimalarial drug hydroxychloroquine offered the best hope in the fight against Covid-19.“Pre-clinical studies in animals as well as the first data from clinical studies show that hydroxychloroquine kills the coronavirus,” Narasimhan said.

As Novartis’ Sandoz division is one of the largest makers of the drug, the statement naturally created some buzz amid a mad search for a treatment for the virus that has infected more than one million people worldwide.The Swiss pharmaceutical company has initiated a clinical study with the anti-malarial drug hydroxychloroquine. Last month he told the Swiss media that pre-clinical studies in animals as well as the first data from clinical studies showed that hydroxychloroquine kills the coronavirus. While the therapy is not yet available, Narasimhan hinted that the first study results could be available in summer.
The trial, now in Phase 3, is enrolling 400 people who were in close contact with newly diagnosed COVID-19 patients. They will be randomly divided into three groups.
One of the two drugs that will be assessed is the antimalarial drug hydroxychloroquine, which has been hotly debated by politicians and public health experts as a possible treatment to Covid-19.
Participants in the second group will receive the anti-HIV drug lopinavir/ritonavir. The third group will not receive any drugs. Three weeks after enrolment, participants will be checked to see if they develop infection.
Novartis’ Sandoz division is one of the largest makers of the drug and has donated doses to Swiss hospitals as part of its Covid-19 response.
April 23, 2020 – 12:16

FDA Revokes Emergency Coronavirus Use of Malaria Drugs …
http://www.nytimes.com › fda-hydroxychloroquine-malaria
4 hours ago – The agency said that a review of some studies showed that the drugs’ potential benefits in treating Covid-19 did not outweigh the risks.

#42 IM in C on 06.15.20 at 4:54 pm

In that case the 12th Amendment calls for a president to be elected by the House of Representatives, where each state gets one vote.

Not sure that’s entirely accurate Garth

Then feel free to correct it. – Garth

#43 yvr_lurker on 06.15.20 at 4:56 pm

#9,10 14 Sail Away

———————-

You are fortunate that this blog is anonymous. One twitter slip up and public statement akin to what you blurted out would for sure mean that your company would be losing all of its valued Gov’t contracts. Much better at the moment to lie low in the grass on certain topics and just nod.

#44 Retro Marxist on 06.15.20 at 5:01 pm

In Canada the CERB is slated to end, punting eight million people back onto their own resources. Unless, of course, the Trudeau government keeps the tap flowing. In that case (done deal), federal finances will further disintegrate, promising higher tax rates. Either way, not a swell outcome.
………………………………………………………………………..
How would you like it if the low-wage earners you employ to cook the food, clean the mansion and take care of the babies risk getting Covid and they accidentally spread it to you?

#45 That’s enough on 06.15.20 at 5:04 pm

Maybe a column on where best to flee JTstan with our balanced and diversified portfolios Would be helpful at this point, Costa Rica, Belize any suggestions?

#46 still don't get it on 06.15.20 at 5:14 pm

i’ve been deferring mortgage payments for 1.5 months now. reading this blog has caused me concern so i asked my step mother who manages a team of res mortgage brokers at a big 5. she assured me the deferral wouldn’t affect future credit. after yesterdays post i checked my credit score (transunion) through my bank and it is at an all time high and shows my mortgage payments as 0 with an ‘ok’ beside it. the exact same result as below when i was making payments. maybe i’m hopeless but still seems like the right decision at the moment. i guess we’ll see if garth can give another “i told you so” in a few years

#47 Figus Makum on 06.15.20 at 5:14 pm

#10 Sail away

Wisdom of a feckin eejit.

#48 Howard on 06.15.20 at 5:17 pm

The chances of Trump winning are very slim.

But if these communist riots continue unabated and start to impact suburban soccer moms – and they’re the swing voters who decide every election in US, even more so than in Canada – you will definitely see the race tighten just enough for Trump to pull off another electoral college victory while losing the popular yet vote.

#49 Inequity on 06.15.20 at 5:20 pm

#39 Deplorable Canadian
I am not a fan of T1 or T2, but the US did more to put Castro in power than anyone else… their intervention fueled a system where the wealthy and the Americans got everything and the poor of Cuba were left with nothing. So of course Castro got the support of the people and its been much better off since he took power.

#50 Dolce Vita on 06.15.20 at 5:25 pm

“And it’s only June.”

He says. THAT was good.

Feeling down right safe here in threadbare Italia.

Everything’s open, the damn virus beaten save Mary Mallon Lombardy (20/21 Regions with fewer than 10 new cases or so, about 10 Regions with 0 new cases…my Region of FVG one of them) and EI is all you get here but hey:

NO race riots, NO protests, NO statue attacks.

I forgot, there was a BLM 5 gaggle in front of Il Colosseo the other day very quietly protesting across the street (looked more like a Selfie to me) and they were American…we can tell from how you all dress.

Looks like La Dolce Vita and Il Bel Far Niente rubbed off on them.

TRAVEL TIP:

Canada, please stop wearing Tilley Hats in Italia you look ridiculous and no need to wear a flag we know you are N. American from just how you dress and since we can’t hear you from far away, you’re Canadian (if we can, then you’re American).

Yes, Italia is open to International Travel, we could use some of that CERB money of yours since Gov Italia has none.

——————————–

Honest to God, each Blog gets worse and worse in its news (not you Garth, it’s just the damn news all because of that damn virus).

Where and when does this all end?

I ‘dunno…

#51 Bob on 06.15.20 at 5:27 pm

Ummm…many people forget that the population size of US is 330 million. By comparison Quebec has a population size of 8.5 million. US had 100,000 deaths from Covid and Quebec had 5,242 deaths. If you do the math Quebec had the equivalent of over 200,000 deaths if its population was the same size as the US. Who managed the situation better? The US did of course.

#52 Pete from St. Cesaire on 06.15.20 at 5:30 pm

Trump’s rally in Tulsa had, as of 3 PM CST on June 14, received over 800, 000 ticket requests
This means the polls showing him with very low approval ratings are as fake as the MSM makes them. This means that over 800, 000 of the entire TULSA metropolitan area’s 1.2 million inhabitants want to attend. How many of these are kids too little to go, being left behind with people to watch them? Factor that in, and Trump’s actual approval is about 95 percent. This shows how spectacularly the corona and BLM psy-ops have backfired, it hurt the left BIG TIME.

#53 Robert B Lambie on 06.15.20 at 5:30 pm

There are lies, damned lies, and then there are polls. MANY polls had Trump losing by YUGE margins in 2016. Trump will win again defying the polls. Biden is senile.

#54 Faron on 06.15.20 at 5:30 pm

#4 Jenn on 06.15.20 at 2:49 pm

Thanks for that post Jenn. I’m also dismayed about what has transpired under Trump and his media arm, Fox News. The fact that his governing “approach” appeals to some Canadians (luckily very few) is a good indication how powerful his propaganda is. He’s debased almost all media credibility to sow a factless murk that suits his ego and his agenda best. A brave leader will face and respond to any media scrutiny while Trump simply call’s reporters “nasty” if they are women and ask uncomfortable questions or “fake news” if the reporter is a man. Trump is an utter embarrassment.

#55 Stone on 06.15.20 at 5:33 pm

#31 Overheardyou on 06.15.20 at 4:32 pm
#34 Overheardyou on 06.12.20 at 3:12 pm
After trimming bonds and juicing equities in March, when would be the proper time to rebalance the portfolio?

You want to rebalance two months after the last rebalancing? Set it and forget it. – Garth

——

Thank you for your reply. My apologies in advance for Mr. Garth, does that mean I should be investing into bonds with new funds (I still have paycheck) or capitalize the equity gains and reinvest in bonds until I hit 60/40 again? Currently at a 90/10 weighting.

———

No, no. By all means, go 100% equities.

What could go wrong?

#56 John on 06.15.20 at 5:36 pm

Garth, what you fail to realize IMO is that the same funny money printing to infinity the federal banks have engaged in the past 20 years is not only keeping markets from crashing but also real estate and government and corporate debt. It’s all tied together hence nothing has burst yet. But when/if it all does it all goes down together. You can’t talk positively about investing in balanced funds and say real estate and debt will explode/burst. They’re all being held up by the same funny money for two decades.

#57 Howard on 06.15.20 at 5:38 pm

#17 Deplorable Dude on 06.15.20 at 3:46 pm
Over a million folks just signed up for Trump’s next rally.

Go ahead and believe the MSN polls if you want, worked out so well last time didn’t it……lol…

———————————–

This refrain again?

The national polls got it mostly right. Hillary ahead by several percentage points.

What they missed was a microscopic and very last minute shift in a few swing states. If you’re betting that all the agregate polls showing Biden ahead 10+ points nationally, and ahead 5-10 points in most of the key swing states, are ALL wrong….well, good luck to you on that bet.

Trump could still win though if the communist riots start to scare the suburban soccer moms that decide every election. For that reason I don’t expect him to do much to stop the mayhem until the fall.

#58 Faron on 06.15.20 at 5:43 pm

#51 Bob on 06.15.20 at 5:27 pm

“Who managed the situation better? The US did of course.”

Your logic is flawed there Bob.

#59 Flop... on 06.15.20 at 5:43 pm

Don’t shoot me, I’m just the messenger.

Don’t shoot they guy who fell asleep in his car, either.

He messed up shooting the taser, but who knows what they would do in the same predicament.

Hey Wyoming, I see you, I’ve visited you, not sure if I’d like to live with you, but I could try.

You got room for an alleged white dude with olive tones…

M45BC

These Visualizations Break Down America’s Huge Racial Wealth Gap.

The U.S. has an enormous racial wealth gap. White workers across all education levels, on average, take home more money than African Americans with similar experience and education levels.

Our three newest visualizations reveal the extent of the problem across the country by focusing on the differences in median income between white and African Americans.

Wyoming is the only state in the country where the median income for African American workers is higher than that of white workers ($89.9K vs. $62.3K). This is very likely due to how sparsely populated the state is.

Washington, DC and Wisconsin are the two places with the worst median income gaps (66.88% and 51.25%, respectively).

There’s a noticeable cluster of states with median income gaps over 40% across both the Rust Belt and the Deep South, indicating that racial inequality is an issue everywhere in America, not just in the South.

The place with the lowest gap between African American and white workers is in the Northwest, where median incomes for white people are still more than 25% higher than their African American counterparts.

Long one, so here is the link…

https://howmuch.net/articles/racial-income-wealth-inequality-us

#60 Howard on 06.15.20 at 5:44 pm

#52 Pete from St. Cesaire on 06.15.20 at 5:30 pm

Pete, I’m not sure if you comment is satire. Oklahoma is the most Republican state in the country. Maybe second after Wyoming.

It would be like Barack Obama holding a rally in Baltimore.

I wouldn’t read too much into ticket sales.

#61 gfd on 06.15.20 at 5:45 pm

POLITICS
06/15/2020 13:01 EDT | Updated 1 hour ago
Liberals Plan To Extend CERB As Provinces Slowly Reopen
The government is trying to avoid losing a confidence vote that would trigger an election.

#62 Sail away on 06.15.20 at 5:45 pm

#43 yvr_lurker on 06.15.20 at 4:56 pm
#9,10 14 Sail Away

——————

You are fortunate that this blog is anonymous. One twitter slip up and public statement akin to what you blurted out would for sure mean that your company would be losing all of its valued Gov’t contracts. Much better at the moment to lie low in the grass on certain topics and just nod.

——————

Oh, ok. Thanks for the advice.

#63 IM in C on 06.15.20 at 5:46 pm

In that case the 12th Amendment calls for a president to be elected by the House of Representatives, where each state gets one vote.

Not sure that’s entirely accurate Garth

Then feel free to correct it. – Garth

The house of representatives consists of reps elected from a constituency based on population. The senate has 2 senators from each state regardless of individual state populations. My understanding is that , under certain circumstances, the house of representatives would vote on the president. In the event of a tie, then the 2 presidential candidates would be eliminated, and the senate would vote on the 2 vice presidential candidates to be president . If it was still a tie, then the sitting vice president would cast the tie breaking vote

#64 Faron on 06.15.20 at 5:49 pm

#57 Howard on 06.15.20 at 5:38 pm

“What they missed was a microscopic and very last minute shift in a few swing states”

Microscopic shift caused by a macro event. James Comey declaring the reopening of an FBI case just a week before the election… I’m not much for conspiracies, but that’s a tough one to take at face value.

And, I still have a major hate on for fivethirtyeight.com as I wonder how many voters stayed home thinking the election was a lock.

#65 Faron on 06.15.20 at 5:51 pm

#47 Figus Makum on 06.15.20 at 5:14 pm

#10 Sail away

Wisdom of a feckin eejit.

Heh. I’m guessing he’s bitter about the Supreme Court ruling.

#66 Watcher on 06.15.20 at 5:51 pm

Garth, perhaps you could offer some perspective as to how far this can go. I understand that T2 has a completely different social and financial perspective than this ‘Live within my means’ non-descript Canadian. But the rate at which he is spending ‘Our’ money, not to mention future generations is truly alarming. Where is the pushback? How long and how much can he spend? Is there a point where he will so completely ruin the reputation of the country he claims to ‘lead’ that it would become difficult to borrow? How do these things work?

#67 the Jaguar on 06.15.20 at 5:51 pm

What a sweet Border Collie. The eyes signal intelligence and a desire for someone to remove the stupid sign around his neck. He needs no other adornment given he is already wearing a natural tuxedo.
A Trump-o-meter is a useful device. If on meeting someone they explode at the mention of Trump’s name you are forewarned and there is no need to engage further. Move along, nothing intelligent to see here. There will be no opportunity to examine his platform or what he has actually accomplished in the past three years. Just the unattractive explosion of emotion. Of course he’s impulsive, bombastic and thin skinned, but he isn’t a career politician like Biden or most others. There have also been serious attempts to undermine his Presidency even before he took office. RussiaGate, phony impeachment hearings, lies, deceit and omissions from the media. It’s been beyond the pale. He’s still standing despite the attempts at ‘Coup de’tat’.

Those polls remind me of the same ones that came out days before the 2016 election where Hillary Clinton’s victory was reported as a ‘fait accompli’. Durham Report will be out soon and bury a few who deserve it, and pretty sure there is also plenty of video and audio feed showing the level of corruption (Ukraine) that Biden is capable of even if the current riots and looting have pushed some other accusations against him off the front page.
As for BLM it sures seems to me that they are highly selective about which of those lives matter, or the ones to which they wish to draw attention. The crime statistics show something that demands equal attention but doesn’t get any Press. But the elephant has never left the room despite attempts to shame people for keeping their views to themselves. I could never support any movement or idea whose agenda is elevating some by tearing other down. I refuse to drink the White Privilege Kool-Aid. We have thrown copious amounts of money at the issues on both sides of the border. Whoever said life was fair? Get a mitt and get in the game. Try hard work, making intelligent decisions about personal and professional life and don’t blame others for your failures.
As for ‘MeToo’, while some issues and attitudes needed to see the light of day, the witch hunt that ensued has created a lack of trust that will hurt workplace mentoring opportunities.
It will be a ‘bumpy night’ on the blog.

#68 S on 06.15.20 at 5:53 pm

#54 Faron on 06.15.20 at 5:30 pm

Keep ’em coming kid. In these dark, hopeless days we all need good laughs.

#69 Dominoes Lining Up on 06.15.20 at 5:58 pm

Call it boredom or whatever, but I did something different this past week.

As I found myself in different parts of Toronto, walking (six feet apart, of course!) down different streets on different days, I started to keep a count of the small business storefronts I was passing.

I have never seen so many boarded up shops and signs with ‘for lease’ on them.

I was visiting Danforth, Pape, Bayview, St. Clair West, Dufferin and a few other smaller streets.

Here’s the math:

I counted hundreds of storefronts over the week.

Altogether, about 28% of them were recently emptied out and closed and/or up for lease.

Some streets were a bit higher, some a bit lower, but this was consistent across different parts of the city.

Anything even close to 28%, even over 10% in my opinion, is a red flag.

(These are not temporary closures, but complete vacancies.)

When does this economic bomb fully explode? Can it be stopped?

Just wondering in these strange times.

#70 Mosey on 06.15.20 at 6:04 pm

I understand that since last October, one million ex pat Canadians have moved back home. Many, probably the majority, lived and worked in the States. I have to presume that these folk are bringing a lot of money with them, and also that they are buying homes with their foreign earned cash. It goes to figure that many of the returnees are renting at first so they can get a lay of the land so to speak, before buying. At this point in the game, it’s not hard to visualize a gradual but real drop in home prices if (and I emphasize if) covid is not solved in the next year or so. I can only speak for myself, but we move back to the Great White North this summer, hoping to sell our current home in the country where we have been these past years and then sit on that cash in the event Canadian real estate experiences a correction. So, first year back, we plan to rent. We are told by one of our consultants that Alberta may be the place to look, she sees a possibility of widespread foreclosures there starting this fall.

#71 Trojan House on 06.15.20 at 6:08 pm

I’ve got a helmet which I will be wearing at Costco tonight with the face shield pulled down so I don’t have to wear a mask.

#72 Doug t on 06.15.20 at 6:10 pm

FREE MONEY FOREVER – time for me to retire

#73 Coho on 06.15.20 at 6:11 pm

The last pro America president before Trump was Reagan in my opinion. The USA had been under managed decline since then at the very least.

Enter the cast of presidents since Reagan–we know the list. Clinton in particular gave everything but the kitchen sink to the Chinese government in the 90s. It was the catalyst in shifting future economic/technological dominance to China.

Again all that is transpiring on the surface is the age old battle for world domination between certain factions which is an ever present archane undercurrent that greatly affects our prosaic outward appearance “reality”. These forces transcend nations and cultures. It doesn’t matter what economic/political systems nations adopt when very dark forces are running the show via programming and other forms of manipulation. They are designed to make slaves of people because they are not administered fairly. The ones at the top game the system.

Do the people really have a choice? The Dems have tried everything to oust Trump. It isn’t a stretch to consider that Covid and its economic/human suffering fallout and ensuing anarchy are two of the most recent strategies to wrest power from Trump.

Amongst other things it is a time of exposure. This rabid lust for power by the approved party of the deep state does not bode well for Americans or any of us for that matter. Not saying Trump is the answer either. He’s not altruistic in my opinion. He’s more about numbers and the economy rather than rights and freedoms and the spirit of what America was founded on, which sadly appears to be in its final death throws. However what was a strong economy under Trump is more than what the establishment has done for America since Reagan.

No one can save America except for the citizens themselves.

#74 Deplorable Dude on 06.15.20 at 6:12 pm

#57 Howard….” If you’re betting that all the agregate polls showing Biden ahead 10+ points nationally”

—————

These Polls ask registered voters, not likely voters….there’s a difference. Also pretty much every poll is Democrat registered biased, i’ve seen some polls at D +10….biased much?

#75 Sydneysider on 06.15.20 at 6:13 pm

Really, what did the govts of this world expect to happen after liberation from confinement?

Primates don’t do confinement very well. They will rattle their cages.

The govt’s attempt to arrogate to itself the role of keeping us safe has failed spectacularly. It has fostered the rise of luddite 5G cults, mayhem on our streets, xenophobia, and economic destruction.

There is something pitiful about the daily sight of the BC Health minister, Mr Dix, hiding behind Bonnie Henry’s skirts like a frightened child.

#76 Orange Man....Orange on 06.15.20 at 6:15 pm

Trump has been a polarizing figure now facing the electorate…Joe Biden currently has a wide lead in polls.. Polls change fast, but right now they point to a Trump crash-‘n-burn.
+++++++++++++++++++++++++++

Trump was hyped by the media falsehoods into a polarizing figure. The media can eat the blame on that one.
As to Joe Biden. He can’t even get 70 people to watch the livestream of any of his podcasts. Meanwhile Trump is getting almost 1,000,000 requests for a ticket to his next rally.

I’m expecting a blowout in November, but it’ll be a massive Trump win. How can that be you ask? Pretty simple.

1. The polls are oversampling Democrats, same as they did before the Hillary debacle, but this time it’s worse. Trump has a point in calling them “Suppression Polls”.

2. People are likely lying to the pollsters in even greater numbers than they did in the 2016 election. Why? Because they’ve done the math and know that admitting support for Trump can be dangerous to your career, and are loathe to do so to some unknown person. An example of this is the increasing radicalization of Twitter feeds, Facebook news etc. Middle of the road voters are leaving and the algorithms are starting to skew more to the left as those are the only ones on there screaming into the echo chamber.

3. No one seriously expects Joe Biden to sit in the Oval Office, least of all Democrats. That is why the choice of VP is so critical. The question really is: Who will Kamala Harris choose as her VP running mate.

4. People who focus on national popular vote are low information people. It’s important to remember that Hillary probably played the best round of golf ever at the Indianapolis 500. Trump meanwhile, led at the last lap, the only one that counted.

5. Very few people want to “Defund the Police”, and those who do seldom if ever vote. Democrats hitching their wagon to this particular anvil are going nowhere. Massive screw-up.

6. Trump has been strangely quiet. Why? His opponents are busy destroying themselves. Best to let them finish.

#77 Randy on 06.15.20 at 6:16 pm

How can I get tickets to a Trump Rally ? #Trump2020landslide

#78 The Point on 06.15.20 at 6:16 pm

#33, you’ve never seen the point of racism?

It was, is, and always has been intended to obtain and maintain cheap labour. Sexism, too.

#79 Wrk.dover on 06.15.20 at 6:20 pm

Where did the 90% protest group ever disappear to?

They are now the missing link in this total S storm.

#80 taxpayer on 06.15.20 at 6:25 pm

Ok Garth, I get it, Mortgage deferral are bad for those of us that does have the means to pay.

How about income tax and municipal taxes? I mean for those that were able to pay and if we owe taxes should we have waited until June 1 or be a good citizen and filed by April 30?

Also some municipal tax due dates are very clear, like in Vancouver, where everybody’s due date is moved to September 30. However, where I live the municipal due date is Jul 3 for those that can pay but it’s very clear from their website penalties doesn’t apply until after September 30. Is it unethical to wait until Sept 30 to pay?

#81 Democracy Is Mob Rule on 06.15.20 at 6:32 pm

#53 Robert B Lambie on 06.15.20 at 5:30 pm
There are lies, damned lies, and then there are polls. MANY polls had Trump losing by YUGE margins in 2016. Trump will win again defying the polls. Biden is senile.
_____________________________________________

Trump show dominates pandemic while Biden’s voice fades

https://www.axios.com/trump-biden-attention-coronavirus-202c583e-ecaf-46ef-8ce2-ec75df8105ae.html

#82 Yukon Elvis on 06.15.20 at 6:34 pm

#54 Faron on 06.15.20 at 5:30 pm

Trump is an utter embarrassment.
…………………………………….

You are 100% right about that. Have u seen Joe Biden try to answer a question or explain something? The guy is not all there.

#83 What makes a leader on 06.15.20 at 6:36 pm

#4 Jenn.

I ran a business for 20 years and grew it from 20 to 150 people. It never failed to amaze me how staff mistook nice people for good leaders even though their track record was miserable at decision making and getting anything done. I guess if the leader does nothing and their following does nothing, perhaps that is absolute success i.e. getting paid for doing nothing. I may have had it wrong.

Now Trudeau is a good leader. He demonstrates how anyone in power can come out of the closet at the same time each day and hand out a few more hundred million of money he doesn’t have. Lol.

#84 yvr_lurker on 06.15.20 at 6:37 pm

#62 Sail Away

—-

Indeed some topics seem super-charged at the moment and it is not a wide idea to poke any bears on this. Someone who spends their entire career as a highly respected and level-headed newsperson says a word that perhaps she should not have repeated, is probably now in jeopardy of losing her career or at least minimizing what she will be able to do on air at the CBC.

https://www.cbc.ca/news/canada/the-weekly-suspend-episodes-wendy-mesley-1.5610799

Best to hang low and keep ones opinions a little muted whether one agrees or not (until some sensible discussion can be had). One wrong word and you’re out.

#85 Prairieboy43 on 06.15.20 at 6:40 pm

Not going to happen. Imposes a PST, say goodbye UCP, hello libertarian party. We Albertans voted for smaller governments. We are going to recieve smaller, efficient governments or you are gone. Calgary, Rural vote conservative. Edmonton about 50/50 mix conservative, liberal, NDP. PST will be the Ruling government demise. Stamp it. We are already at 47% cumulative taxes. No more. Governments need to be on chopping block. Noticed this last federal election. Zero Liberals in Alberta, Saskatchewan, Eastern, Northern BC, and two liberals in Winnipeg. The line is set at Kenora, Ontario.
PB43

Garth what do you think: Alberta PST coming soon?

Kenney back on May 5th said:
“I do not believe that the right response in the midst of that economic crisis is to impose a new tax,”

just a matter of time before he changes his mind?

#86 JacqueShellacque on 06.15.20 at 6:45 pm

The Orange One is a symptom, not a cause. Anyone who expects a truce or cease-fire on the culture war front even if Biden is somehow rolled out to be inaugurated next January is mistaken. Even if misguided, a lot of Orange voters are correct that their elites have failed the last 3 decades. And polarization isn’t new, popular vote percentages have been close in every election since ’84. What is new is the fragmentation of culture and the very real evidence of American decline, for the first time in the country’s history.

House of Representatives choosing the president? Not so far fetched. I’m sure there are a number of scenarios with 269-269. The risk isn’t in the election being decided in the House, but in the number of states with relatively close results trying to do endless recounts to avoid that scenario. Think 2000, but with real violence.

What will I do? 0.5% of the portfolio on put options on QQQ with a 2 month expiry, at a strike 30% below the current market. After a month, sell and repeat. Small loss for against a very real downside risk.

#87 Deplorable Dude on 06.15.20 at 6:47 pm

If you’re buying into all this ‘White Privilege’ and forced Diversity Marxist propaganda check out what Jordan Peterson has to say about it on his Youtube videos.

Very dangerous belief when taken to its logical conclusion.

We’re talking ‘final solution’ type scenarios, or the example Peterson gives…what happened to the Ukrainain Kulack Farmers.

Assigning an entire ethnic group with a negative trait is the worst kind of racism.

Don’t fall for the guilt trip attempt.

#88 Reality is stark on 06.15.20 at 6:49 pm

There are all kinds of arguments and then of course there is reality.
The bottom line is that the marriage rate is imploding.
Women influenced spending of 70% of the household income. They no longer have access to those funds so they want the funds replaced through taxation.
Thus they vote for more services paid for by more taxes.
It is no simpler than that.
Taxes are about to explode and you won’t be able to stop it.
It will be explained in a zillion different forms but I’ve laid out the easy truth for you.
The demands for the cash aren’t going to slow but if you are now no longer willingly going to fork it over they have the backing of the military to force you to pay up.
As they say in Venezuela, “There is no one friendlier than the taxman.”

#89 Faron on 06.15.20 at 6:50 pm

#68 S on 06.15.20 at 5:53 pm

#54 Faron on 06.15.20 at 5:30 pm

Keep ’em coming kid. In these dark, hopeless days we all need good laughs.

—-

Eventually the writing of folks like you will be preserved in a museum next to the lil’ black sambo cartoons. Your laughter will be seen as quaint and pitiable in how ill informed it was.

#90 Bobby Bittman on 06.15.20 at 6:56 pm

#4 Jenn

You can start to help by surrendering your job to a person who hasn’t enjoyed your advantages. And do report back on your journey after making personal sacrifices.

#91 conan on 06.15.20 at 6:59 pm

#69 Dominoes Lining Up on 06.15.20 at 5:58 pm

I think we are seeing many paradigms at once.

Using your number of 28%, I would break it down further.

10% They were going to close anyway as soon as their lease was up. A failed commercial concept during a bad time to be in retail.

10% They would have survived if Covid did not happen. But it did happen and their business is done.

8% The land lord is not renewing at the current rent. The land lord wants to re-purpose the property.

Total 28 %

#92 cmj on 06.15.20 at 6:59 pm

#51 Bob
US did fair better than Quebec
If you take that a step further and compare our highest other 4 provinces using factors that make their population equal to USA- 330 million with 118K deaths
Ontario deaths 2519X22.5=57K
BC deaths 168X65=11K
Alberta deaths 150×75=11K
Nova Scotia deaths 62×330=20K

Canada overall is dealing very successfully with the Covid-19 pandemic

#93 joblo on 06.15.20 at 7:02 pm

Extend CREB, why not?
Ont.&Que. 61% of country, toss in the merrytimes 65%.
They love T2, so he pays em now
and they pay him back later increased income tax.
No biggie

#94 DownToFinance on 06.15.20 at 7:10 pm

CERB will be extended says T2 today. Canadian public finances are truly getting the reaming of a lifetime. The middle class should look out below. The torrential downpour of taxes on the middle class will be epic. I mean after the feds try to tax the rich and get absolutely nothing.

#95 Debtslavecreator on 06.15.20 at 7:12 pm

Those of you with “big” TFSAs and RRSPs are very likely going to get screwed in the next 2-3 years.
The signs are right in front of you.
The CRA already published interpretation bulletins re “speculative “ investments and TFSA holders who are among the few who get lucky have been targeted
And this is nothing
When the bond markets lose confidence and force the government bond yields through the roof in a quick sudden move then the fun begins

They will force money into government bonds , apply surtaxes, target the few who make “big” gains on the few stocks that’ll rise sharply in response to the massive money printing etc

Watch your wallets

#96 Linda on 06.15.20 at 7:16 pm

Could Trump manipulate the voting system to win the US election? Well, if there is indeed a ‘second wave’ of Covid – given the US infection/death rate, I’d say the first wave is still quite frisky – & given Trump has proven he will do/say anything to win, I’d not be overly surprised. It isn’t like other politicians haven’t tried or succeeded in using the current pandemic to grab more power. So Trump doing the same is pretty much a slam dunk, especially if it gets him what he wants, to wit: a second term.

#97 Paperback writer on 06.15.20 at 7:20 pm

Just finished reading Ayn Rand’s “The Fountainhead”.
I recommend it for all.
One line I liked…”free men are rarely equal, equal men are rarely free”.

#98 Drill Baby Drill on 06.15.20 at 7:20 pm

DELETED

#99 Cdn Mom on 06.15.20 at 7:26 pm

Garth, your take on Trump, and the civil war to the south, make me LOL.

I’m happy to read others here see what I see going on down there. Gives me hope that there are still other critical thinkers here in Canada, not just those accepting what LaFlamme, the CBC, or Facebook tells them to think. If only we had a Trump.

#100 fishman on 06.15.20 at 7:27 pm

Not happening in commercial R/E in Van town so far. People aren’t showing up. Working at home? Business is comatose.Commodity prices are soft. Overall demand is squishy. Expensive on west side & lots of people short. Thieving is the big growth industry. Cops are on the run. Doesn’t matter any ways because nobody’s going down for stealing. Now its toys for the quick cash. Practicing for future “Free Lunch with nobody in the kitchen Economystical times”. Foods gone up 20% in the last year & no SLOW sign in site. A fellow has to eat.

#101 Brian Ripley on 06.15.20 at 7:28 pm

“Biden in the White House would likely mean expanded trade (good for investors)” Garth/blockquote>

I just updated my Canadian Household Debt, GDP, Foreign Direct Investment and Balance of Trade chart:
http://www.chpc.biz/household-debt.html

re: ‘expanded trade and good for investors” Actually, Trump was good for investors, so was Obama and Bush… apparently it did not matter about politics, it was return on investment in the U.S. that was the draw.

Foreign Direct Investment OUT higher than IN over the last 20 years means Canadian companies are investing outside of Canada to get a better return on Capital and Labour. For every $1 of investment coming in to Canada, $1.47 leaves (full year 2018 data).

This metric (net capital flight) has been widening dramatically since 2015 and anywhere there is higher productivity is where capital goes.

We are a land of consumers. See the same chart, the Net Trade plot has been negative for the last 7 out of 8 quarterly prints.

If you missed it see my post on Collateral Loan obligations (high risk business loans) that are experiencing higher and higher monthly defaults. As UBS says “(if) in the worst case — the virus (Covid 19) keeps returning in waves until the middle of next year — UBS sees the (default) rate at 22%.”

http://www.chpc.biz/history-readings/cdos-then-clos-now

Massive business closures is a major household income disruptor.

While shut in… take some online courses and increase your non-routine skills.

#102 Nonplused on 06.15.20 at 7:33 pm

Next up, say around the end of July, a second wave of covid even bigger than the first.

Here is the simple way to calculate that eventuality. Covid killed roughly 120,000 people in the US and that was in just the first 3 months and 2 of them were under lock-down conditions and increasing numbers of people wearing masks. Comparing it to annual flu deaths is meaningless because we’ve only got 3 months of data. So comparing the annual estimate of 60,000 flu deaths to the 3 month total of 120,000 covid deaths and saying “no big deal” doesn’t make any sense at all.

Instead, let’s annualize the covid data and see what we get. Assuming a straight line, there will be a total of 480,000 deaths in the US from covid by the end of February 2021. That is the number one should compare to the annual flu deaths. This ain’t no flu.

And remember, this thing spreads exponentially, so a straight line extrapolation probably drastically under-estimates what could happen. So if we double the number of deaths each quarter, we could be looking at 1.8 million deaths in the US alone by February 2021, which is not far off the original projections.

And the BLM riots are not helping. I still don’t understand exactly why people are not allowed to go to church but they can riot in the streets. I personally won’t get covid from either situation because you won’t find me in either location, but it is curious indeed.

The “second wave” will probably be the final nail in Trump’s re-election campaign coffin. The people who first said travel restrictions were racist, and later said Trump didn’t act fast enough to shut things down will say he acted too fast to open them up again even though it is a state decision not a federal one. But facts don’t matter in politics.

So I will venture a financial forecast based on the above. The CERB will be extended. The economy is not going back to normal until sometime in 2021. A wave of bankruptcies is coming. Many of the jobs associated with those bankruptcies will take a very long time to return. Sporting events and concerts will remain on hold and Trump’s rallies will get cancelled. He might get a few in. Tax revenues will continue to be weak so government deficits are not going to go down. It’s a depression folks, although I would not forecast it to last as long as the “great” depression did. Pandemics pass and life goes on for the still living, but they don’t pass in 3 months. To think this one did, to put it mildly, is wishful thinking.

And whew, November 3rd. Hard to see any outcome that doesn’t result in more riots on November 4th. Assuming there is anything left to loot and burn and any statues left untoppled by then.

Get a helmet indeed.

#103 lifeisgood on 06.15.20 at 7:34 pm

After the 2016’s election, it’s really difficult for me to trust the polls …remember HRC having 95% chances of winning against Trump !

Just saying…

Also, Trump will win with a bigger margin then the last election. IMHO.

#104 jess on 06.15.20 at 7:36 pm

german police seize bank records.

https://www.icij.org/investigations/luanda-leaks/german-police-seize-bank-records-in-luanda-leaks-brewery-probe/

nothing against the rich but how did she earn it?
The Luanda Leaks” reveal new evidence of a network of 400 companies, many of which are based in offshore tax havens such as the British Virgin Islands, which were used by Isobel dos Santos to become Africa’s richest woman, while millions of Angolans live in extreme poverty. The leaks also reveal new details about the lawyers, accountants and other “professional enablers” in Western states that helped dos Santos with these transactions, raising concerns that several of these institutions did not carry out adequate due diligence on the source of dos Santos’s wealth.

‘Politically Exposed Person’ (PEP) meaning that in the EU, banks, accountancy firms and lawyers are all required to conduct a risk assessment of the source of her wealth to see if it raises red flags for corruption.

https://www.icij.org/investigations/luanda-leaks/how-isabel-dos-santos-went-shopping-in-mauritius-for-shell-companies-secrecy-and-a-tax-dodge/

#105 AACI Home-Dog on 06.15.20 at 7:42 pm

Black Sabbath Matters !

#106 Nonplused on 06.15.20 at 7:44 pm

#7 Handsome Ned on 06.15.20 at 3:07 pm
Here is a stock tip: Marks Work Warehouse, apparently none of these stores got looted. Have a beer and popcorn on this one.

——————–

How do you piss off a socialist? Hide his welfare check in his work boots.

#107 Ponzius Pilatus on 06.15.20 at 7:47 pm

97 Paperback writer on 06.15.20 at 7:20 pm
Just finished reading Ayn Rand’s “The Fountainhead”.
I recommend it for all.
One line I liked…”free men are rarely equal, equal men are rarely free”..
——————————.
You read a whole book and you only liked one line!?
How about this one:
“Stupid people are rarely smart, and smart people are rarely stupid”

#108 Nonplused on 06.15.20 at 7:47 pm

#17 Deplorable Dude on 06.15.20 at 3:46 pm
Over a million folks just signed up for Trump’s next rally.

Go ahead and believe the MSN polls if you want, worked out so well last time didn’t it……lol…

——————–

I wonder if Zoom could handle that?

#109 Genesis II on 06.15.20 at 7:48 pm

#21 TurnerNation on 06.15.20 at 4:05 pm

My pronouns are He, His, Him, Blog Dog.
+++++++

What is the opposite of a pronoun?

A connoun

or anti-noun?

#110 T on 06.15.20 at 7:50 pm

#17 Deplorable Dude on 06.15.20 at 3:46 pm
Over a million folks just signed up for Trump’s next rally.

Go ahead and believe the MSN polls if you want, worked out so well last time didn’t it……lol…

——————

This sounds a lot like his inauguration attendance numbers. But there is a large number of Trump believers, I will give you that.

#111 Nonplused on 06.15.20 at 7:54 pm

#41 jess on 06.15.20 at 4:53 pm

Gin and tonic is more fun though.

#112 Sail Away on 06.15.20 at 8:00 pm

#65 Faron on 06.15.20 at 5:51 pm
#47 Figus Makum on 06.15.20 at 5:14 pm

#10 Sail away

Wisdom of a feckin eejit.

——————–

Heh. I’m guessing he’s bitter about the Supreme Court ruling.

——————–

Bitter? Are you kidding? I’m very happy with the ruling and completely support equal rights for all. My issue is when the pendulum swings too far and suddenly some are judged more equal than others.

Equal is equal.

#113 Ronaldo on 06.15.20 at 8:05 pm

The amount of money that T2 is throwing out there over this Corona thingy makes the 4.5 billion he paid for the pipeline look kinda anemic. Still waiting for my 300 bucks. Did you forget about us again?

#114 Faron on 06.15.20 at 8:08 pm

#82 Yukon Elvis on 06.15.20 at 6:34 pm

#54 Faron on 06.15.20 at 5:30 pm

Trump is an utter embarrassment.
…………………………………….

You are 100% right about that. Have u seen Joe Biden try to answer a question or explain something? The guy is not all there.

Agreed there. I’ll vote for Biden, but he’s not my favourite. I’d be happier about the election if it were something like Warren v/ Paul Ryan. Or, Sanders v. Rand Paul. At least those folks have interesting ideas, are smart and may have a chance at a civil discourse.

#115 Drill Baby Drill on 06.15.20 at 8:09 pm

Justin Trudeau is wasting our time and dollars. The Conservatives should be tickled with an ostrich feather. The Cons need to come up with some talking points real fast.

#116 Sail Away on 06.15.20 at 8:09 pm

#84 yvr_lurker on 06.15.20 at 6:37 pm
#62 Sail Away

—————–

Indeed some topics seem super-charged at the moment and it is not a wide idea to poke any bears on this. Someone who spends their entire career as a highly respected and level-headed newsperson says a word that perhaps she should not have repeated, is probably now in jeopardy of losing her career or at least minimizing what she will be able to do on air at the CBC.

——————

Hmmm… sounds almost like… discriminatory.

Freedom of speech if you talk about the right thing, I guess.

#117 Orange Man....Orange on 06.15.20 at 8:11 pm

#110 T on 06.15.20 at 7:50 pm
#17 Deplorable Dude on 06.15.20 at 3:46 pm
Over a million folks just signed up for Trump’s next rally.

Go ahead and believe the MSN polls if you want, worked out so well last time didn’t it……lol…

——————

This sounds a lot like his inauguration attendance numbers. But there is a large number of Trump believers, I will give you that.

_______________________

Yeah. If you look at CNN’s coverage there was no one there. But the rub was CNN took pix many hours before the inaugration. Kind of like taking pix of the Rose Bowl Parade the week before the Parade and claiming everyone was protesting flowers.

Wasn’t the inauguration broadcast live? – Garth

#118 [email protected] on 06.15.20 at 8:13 pm

This black guy’s take on white privilege and apologizing for your skin color is interesting.

https://youtu.be/88-dV9K_cHE

If you want to dismiss it’s just 1 conservative black guy, note that he has +600K subs that probably share a similar view.

#119 Marco on 06.15.20 at 8:24 pm

#45 That’s enough on 06.15.20 at 5:04 pm
Maybe a column on where best to flee JTstan with our balanced and diversified portfolios Would be helpful at this point, Costa Rica, Belize any suggestions?
=====================================
May I suggest Afghanistan? The air is clean, food is simple a lot of hiking opportunities. Hopefully your family and friends will join you, so with locals you will be happy extended family.
Why indeed spent in vain life in such uneventful country like Canada, living under communist dictatorship.

#120 BS on 06.15.20 at 8:25 pm

For every person who supports the BLM movement there are 3 opposed to it and will vote accordingly. This is a far left movement orchestrated by the far left and glorified by the fake news. Nothing more.

Funny how the same people that got 2016 election wrong never learn. Remember Hillary had a 98% chance of winning the day before the election.

This time around Biden is a weaker candidate than Hillary and Trump is stronger. Besides Biden having a history of corruption and incompetence he is senile. Then you have all Trump’s policies more popular now than when he ran in 2016.

Are people going to vote for open borders, globalism, pro China, gun restrictions, defunding the police and higher taxes. I don’t think so. Common sense says Trump in a landslide. For those that doubt it need to reflect on this:

https://twitter.com/i/status/1256930962073665536

#121 Dominoes Lining Up on 06.15.20 at 8:26 pm

conan #91

I think we are seeing many paradigms at once.

Using your number of 28%, I would break it down further.

10% They were going to close anyway as soon as their lease was up. A failed commercial concept during a bad time to be in retail.

10% They would have survived if Covid did not happen. But it did happen and their business is done.

8% The land lord is not renewing at the current rent. The land lord wants to re-purpose the property.

Total 28 %

——————————————–
I like your interpretation, makes sense. I got that number of 28% after counting over 800 shops, spread over dozens in a row on each of the streets I observed. Not scientific of course, but a little better than purely anecdotal.

I think another component is older family businesses that would have thought they could sell months ago, but now have little choice but to close down, like a few eateries in town in the news. Now, those are ‘restarts’ that won’t ever happen, with all the job losses and capital influxes cancelled.

It’s COVID triggering this spurt first, but it will be the weakened economy spreading itself next, in self-fulfillment. I can’t help but wonder whether the next phases might multiply or even go exponential, at least in some geographical and product contexts.

It is really startling these days walking or driving down a street like Bayview or Yonge or Queen West and seeing so many complete closures where there has been so much wealth on the streets before. I can imagine it may be even worse in places like Scarborough or perhaps in parts of the 905.

Add this to the now rampant problem of commercial landlords not applying for government support, evicting tenants and shutting down businesses because they know that the cities are more interested in residential development anyway, and this problem takes on a bigger shadow. And for commercial tenants who don’t have the cash flow to pay their landlords something more under the table (this is a huge problem right now in the GTA) even when they do get the government handouts, this becomes a completely frustrating moment of just giving up.

#122 Fused on 06.15.20 at 8:26 pm

#95
Your partially right, that those who did not use/work with a financial advisor may get hammered but those who did will not, after all the advisor gave the advice and that is what you pay him for.
I did well with pot stocks through my advisor and will not be affected by this at all.
Seven figure amount between registered accounts and not one worry.
I will be playing the volatility like a fiddle over the next few months, and picking up puts now

#123 Nick on 06.15.20 at 8:34 pm

Lower Brainland honest realtors are expecting big year over year price increases as seen in last 5 years.

People here support their realtors. God bless them.

#124 yvr_lurker on 06.15.20 at 8:40 pm

#116
yup
——————————-

just read this article

https://torontosun.com/opinion/columnists/fatah-the-death-of-journalism-as-we-knew-it

Can’t say whether I agree or disagree with it as I am lying low in the grass.

#125 Tim123 on 06.15.20 at 8:43 pm

I have to agree that taxes are going up. I think the CERB benefit will be extended. I personally like a lot of volatility in the markets because then I can really capitalize on going long and short in the markets. I think everybody should try and use every tax saving vehicle that is available for people as that is why they exist. I think Biden will win, which will be slightly negative for the markets and I will position my portfolio to account for Biden winning. Unless the Republicans lose the Senate they will be able to effectively stop the Democrats from making major changes.

#126 Raccoon with Raybies on 06.15.20 at 8:52 pm

DELETED

#127 DON on 06.15.20 at 8:56 pm

@ TurnerNation

My pronouns are:

I…Me…Human….Blogdog

I always pick the best person for the task/job…don’t care about orientation etc…just get the job done and work as part of the team. Hard concept for some hiring managers. Way too much cronyism out there and a lack of accountabilty.

#128 Ace Goodheart on 06.15.20 at 9:05 pm

#77 Randy on 06.15.20 at 6:16 pm
How can I get tickets to a Trump Rally ? #Trump2020landslide

///////////////////////////////

Apparently, if you live in Canada, and are a Trump supporter, you can purchase an airline ticket to the USA, and when you land, tell them you are heading to a Trump rally.

They will let you in. Closed border and all.

You can’t drive there. But if you say the right things, you can fly.

#129 Serenity now! on 06.15.20 at 9:05 pm

@#46
It takes about 3 months or so for anything new to show up/be updated on your credit score even though it’s active. And they’re busy these days – expect maybe to see it around August?

#130 Lost...but not leased on 06.15.20 at 9:06 pm

GOOGLE Dr. E.Michael Jones and “Slaughter of Cities”.

Hate to say it….but our urban centers will end up as Detroit 2.0

Prove me wrong…

#131 DON on 06.15.20 at 9:10 pm

#22 Yukon Elvis

My thoughts exactly.

Trump hasn’t really started campaigning yet. I think he will lay the ground work over the summer school break and come out in a blaze of glory in September when the real dirt will start flying.

Why only Biden?

#132 Between genX and millennials on 06.15.20 at 9:13 pm

Wherever I see the polls with Biden leading and people make a thing of that, I wonder if they have a medical condition that prevents them from remembering 2016…

Google say “trump vs Clinton October 2016” and you see all the same predictions and very similar numbers.

Normally presiding over a disastrous recession and pandemic is death for a politician but when have those rules ever applied to Trump?

Does anyone know a trump supporter who has changed their mind? Are there enough in the whole country to crowd a phones booth?

#133 Love_The_Cottage on 06.15.20 at 9:19 pm

#51 Bob on 06.15.20 at 5:27 pm
The US did of course.
_______________
You should change your name to Leon Lett.

https://www.youtube.com/watch?v=U6gmDtVYdLA

The numbers in the U.S. are climbing. You get that the virus didn’t magically disappear, right? We’re still in the 1st quarter and you’re celebrating a victory.

#134 lager on 06.15.20 at 9:25 pm

@#97 Paperback writer on 06.15.20 at 7:20 pm
Just finished reading Ayn Rand’s “The Fountainhead”.
I recommend it for all.
One line I liked…”free men are rarely equal, equal men are rarely free”.
—–

amusing how rand ended up on social security

#135 JUST LQQKING on 06.15.20 at 9:25 pm

#54 Faron on 06.15.20 at 5:30 pm
Trump is an utter embarrassment.

———————————————–
Trump…what more can be said. He is the most polarizing president I’ve ever seen in the White House, and I’ve been watching american politics since Kennedy. There is no doubt that he has an ego…but that goes with the territory. I never liked him when he was a “businessman”…moving from cover to cover and wife to wife…altho that didn’t bother me. I never watched one episode of the apprentice, (until after he ran) because as far as I was concerned, his dad gave him $200,000,000 (which…really…how hard is it to turn that into a “small fortune” :) but he did seem to turn it into a lot more..( don’t believe he was ever worth anywhere near 10 bill)….establishing a brand along the way…still didn’t like him. It wasn’t until Obama was mocking him at the correspondence dinner that I believe he determined to prove to that joke of a president, and in my opinion, a manchurian candidate, that he could become pres. Still didn’t like Trump after that phoney ride down the escalator. After watching a couple of GOP debates, with Trump centerstage, and getting all the press,….and also the only candidate with ANY kind of vision for the country I started taking him seriously…and actually liking him. In my opinion his 3 years in office were the best years in america’s history for the last 60 years…he gets stuff done! On the day of his election the odds were 3-1 for Hillery…I bet $500 , and won $1500 :)

#136 VicPaul on 06.15.20 at 9:34 pm

#15 Irish Stew on 06.15.20 at 3:38 pm
With the low cost of money – is leveraging a mistake right now?

Trump may lose – but he will abuse Biden in the debates – assuming Biden remembers when they are.

Regardless of all movements – I think we can all try to be better people…..

*********

Yes, you’re so right…our parents instilled just that conviction in us when we were three/four/five, no? You then had thirteen, sheltered years to finely develop those traits that define this pursuit. Character traits like
the Golden Rule: Do unto others… Each day brings a fresh opportunity to be the best person you can be – you know…your own personal brand of competence.

This human mission statement is new to some people?

M56BC

#137 45north on 06.15.20 at 9:40 pm

Blacksheep

Sam Harris has an interesting take on current events:
https://www.youtube.com/watch?v=vmgxtcbc4iU

idea inspired by Sam Harris

racism isn’t a hockey game

wearing the sweater doesn’t help

#138 Michael in-north-york on 06.15.20 at 9:41 pm

#43 yvr_lurker on 06.15.20 at 4:56 pm
Much better at the moment to lie low in the grass on certain topics and just nod.
—–

Don’t go looking for troubles, but refuse to nod. Refuse to donate. Vote accordingly.

Equality means equality, not divisions based on race, gender etc. If you don’t trust the Libs to stand up to the far-left bullies, then vote for the Cons next time. I will.

#139 Uncle Charlie on 06.15.20 at 9:42 pm

Re: #118 [email protected]

This black guy’s take on white privilege and apologizing for your skin color is interesting.

https://youtu.be/88-dV9K_cHE

If you want to dismiss it’s just 1 conservative black guy, note that he has +600K subs that probably share a similar view.

——————————————–

This guy rocks, and yes, there is a much bigger following for guys (and gals) like him in the US than most people know (or are willing to admit).

Candace Owens is awesome also:
https://www.youtube.com/watch?v=VlXEOsP-BvU

#140 Deplorable Canadian on 06.15.20 at 9:45 pm

#39 Deplorable Canadian
“So of course Castro got the support of the people and its been much better off since he took power”
++++++++++++++++++++++
You obviously don’t know what you are talking about.
Castro got the support of the people, then betrayed everybody. Cuba went from being better than US and Canada in some areas, to be one of the worst countries in the west hemisphere when Castro killed the economy. Castro also killed many people. Why do you think Havana today looks like it was bombed? All factories destroyed. Why do you think people are willing to die or drown to leave Cuba? Cuban are not allow to trade, or produce anything, many are starving. Next time venture a bit out of the all-inclusive hotel. Most of the Cubans in the US support Trump. His speech resonates with the Cuban people. He is fighting a mafia similar to what Cuban has been enduring for more than 60 years.
https://therealcuba.com

#141 TurnerNation on 06.15.20 at 9:55 pm

Because this blog touched on Minneapolis…
You guys want a taste of the New System being rolled?
It is of course A.I. based.
You see, Communism requires the enforcement of so many petty rules.What better than un-biased (and un-compassionate) machines. Think: red light cameras. But everywhere. Always on. The A.I. also will do what people will not.

– After all this system is all about Control. Not about money, no our elites already own the planet. Not about our health. Never was.
At this moment your global government controls who you can assemble with, which businesses may open, and where you stand and how you walk. 7 billion people
6-6-6 feet apart. Control accomplished. You could not hope to train dogs this obediently.

Here goes:

1. A police force in that USA city was disbanded for a reason. Its replacement was already announced months ago(!); A.I. of course.
**Hold on..this press release from the A.I. company is dated March 31st, 2020. You telling me this was all pre-planned?

https://www.fusus.com/blog/press-release-minneapolis-police-department-to-activate-fusus-real-time-crime-center-platform
Minneapolis Police Department To Activate Fusus Real-Time Crime Center Platform
March 31, 2020

2 .It was reported in Q1 that Toronto and GTA police already dipped into Clearview AI for catching people. Why not. The A.I. has decades of data on us. It never forgets. US police forces already use Plantir AI – guess what it is founded by the same guy behind PayPal. His Wiki says he also funded Facebook a bit . Ebay owns PayPal. See the handful of tech companies already run our lives. https://en.wikipedia.org/wiki/Palantir_Technologies

3. https://emoshape.com/
**** This is why the young kids will be kept apart at school this September****. The new system. Training their minds, e-learning only is the future once parents say No to these school-prisons. Many Kids’ toys already have Wifi and Bluetooth and AI built-in. Not to mention video games and anime. Problem-Reaction-Solution:

“Emoshape Inc. is dedicated to providing an edge computing solution (cloud / chip) that teaches intelligent objects how to interact with humans to yield a favourable, positive result. Emoshape emotion synthesis chip (EPU) technology represents a massive leap for Artificial Intelligence, especially in the realm of self-driving cars, personal robotics, sentient virtual reality, affective toys, IoT, pervasive computing, and other major consumer electronic devices. Applications including human-machine interaction, emotion speech synthesis, emotional awareness, emotion reasoning, machine emotional intimacy, AI’s personalities, machine learning and affective ”

4. Another smiling front man for this new system is Musk. “His” other venture. Ready for the mark?
https://en.wikipedia.org/wiki/Neuralink
Neuralink Corporation is an American neurotechnology company founded by Elon Musk and others, developing implantable brain–machine interfaces

#142 Axehead on 06.15.20 at 10:00 pm

BLM has nothing to do with black lives. Read their web site. It is a neo-marxist (aka communist) organization intent on the destruction of the nuclear family unit. Shame on organizations like Starbucks that support BLM, and our PM. Last time l buy one of those expensive collective venti Americano’s.

#143 Michael in-north-york on 06.15.20 at 10:04 pm

#118 [email protected] on 06.15.20 at 8:13 pm

This black guy’s take on white privilege and apologizing for your skin color is interesting.

https://youtu.be/88-dV9K_cHE

If you want to dismiss it’s just 1 conservative black guy, note that he has +600K subs that probably share a similar view.
—–

Can he come and settle in Canada? I want him to be our Prime Minister. He has the common sense that most of our own politicians are sorely lacking.

#144 Terry on 06.15.20 at 10:09 pm

Go to cash! Get all your money out! Take the money you made in the markets and run! Who cares about all the other social justice crap, riots, noise, violence, virus etc… My acreage and surrounding area’s are fine. Lovely summer days with light country breezes, gardening, forest walks, BBQ’s and swimming pools with family, friends and neighbors. Got all the money we need. Summer reading Anne Rand Atlas Shrugged and more of the Bible. America will burn all through the summer. Broken window fallacy in play afterwards. The second wave of Covid-19 will race through the Northern Hemisphere again and will probably be even more deadly that the first wave. Trump will win again this November then the crack down on all the rioters, protestors, instigators will be epic. 10 years to get through this Depression we are in right now as the Fed will lose control of it’s market manipulation games. Prepare everyone…………all the free stuff comes to an end next month. After that the real economic pain and suffering begins.

#145 VicPaul on 06.15.20 at 10:10 pm

#89 Faron on 06.15.20 at 6:50 pm
#68 S on 06.15.20 at 5:53 pm

#54 Faron on 06.15.20 at 5:30 pm

S –
Keep ’em coming kid. In these dark, hopeless days we all need good laughs.

—-
Faron –

Eventually the writing of folks like you will be preserved in a museum next to the lil’ black sambo cartoons. Your laughter will be seen as quaint and pitiable in how ill informed it was.

*********

Yeesh, man! You have completely throated your ideology to the root! Chug it down Faron…that’s how you guys do it. Subjugated by a pathetic desire to be popular with the crowd, you pay your lip-service to tolerance but display none to anyone who disagrees with your views.
Your Liberal trope of smug self-righteousness is threadbare. YOU brought the racial allusion to the exchange and then greasily attributed S’s laughter about your TDS to racism….gotta make it fit the narrative, eh?

That’s weak, man.

M56BC

#146 Keyboard Smasher on 06.15.20 at 10:56 pm

Jenn, you’re either mentally ill or have a very low intelligence.

Vanity and self-righteousness are the barbarism of this “modern” era.

#147 Faron on 06.15.20 at 11:05 pm

#145 VicPaul on 06.15.20 at 10:10 pm

Aw, I guess we aren’t friends anymore.

If I was trying to be popular with the “crowd” I’d be pandering to the implicit racism present among the so-called “equal rights for all” crowd that is dominant here. If I were trying to be popular in the/an echo chamber, I’d be posting on Facebook. Among my friends, I tend to take the more libertarian/contrarian viewpoint. You have no basis for your claim.

What I do here is express a viewpoint and arguments against principles that I deeply disagree with and find ignorant. That I do so seems to deeply aggravate many of you who often want to boot voices like mine off the platform or ask for a “filter” to remove the posts all the while claiming that we on the left are silencing your voice. Your voice is loud and bellicose and is reminiscent of country-club culture where everyone pretends to be among equals. But, “sorry sir, you aren’t allowed in here…” I have never told anyone not to express their views. While I sometimes forget Sail Away’s precious IMO, it should be a given that what I say is one view and that, through the internet, I have zero power to silence you or anyone. That you and many others here feel I have this power shows that you all feel threatened and insecure when presented with these kinds of views. I’m sorry that’s the case for you and your psyche.

Yes, I’m goading you.

Finally, I was setting the ignorance of Trump apologists like S, yourself, Bytor, SailAway, not 1st, Deplorable etc. adjacent to relic racism because that’s exactly where it belongs. Trump himself promotes a return to how things were in the past — MAGA. He dredged up a platform based on a past when women had just earned the right to vote, segregation was accepted law, lynching was mostly ignored, white men were seen as superior and the de facto bread winner, and racism was rampant. His views are part of a past that had been left behind and was appealing to those who benefited from them then and will benefit from them again now — namely middle and upper class white people. He’s done a great job into hoodwinking the white poor into thinking that tax breaks for the rich that went to share buybacks benefit them somehow (they dont). All of it is trash to be left in humanity’s wake. It’s trash that in most advanced economies has long ago been laid to rest.

Nothing I’ve written here prevents you from holding or expressing your views so stop claiming that the left is censoring the right. That’s utter BS and disingenuous. If you bring up Twitter’s flagging of Trump posts, you are forgetting that Twitter is a private platform and generally not protected under the first amendment. That Trump is so lazy as to not engage with his constituents through anything other than spinal reflex thumb mashing, doesn’t mean Twitter owes him anything. If you claim that media such as the Washington Post, The New York Times, The New Yorker, The Guardian and many others do nothing but report negatively on Trump maybe you should consider that when a trained journalist is presented with a complete dumpster fire of a megalomaniac who managed to lose a popular vote but take an election, it’s their duty to devote as much time to revealing just how much of a dumpster fire he is. To do otherwise would be Fake News.

#148 Lead Paint on 06.15.20 at 11:07 pm

#43 yvr_lurker on 06.15.20 at 4:56 pm

Ha! You believe Sail Away runs a company? He’s a professional troll.

#149 AisA on 06.15.20 at 11:09 pm

#8 conan on 06.15.20 at 3:17 pm

If you’ve lived long enough, 2016 should seem like yesterday.

2016 all over again, and then some. I think we’re looking at a clean sweep.

#150 Ace Goodheart on 06.15.20 at 11:12 pm

At this point virtue signaling doesn’t make sense anymore.

Supporting the fight against the virus, or the fight against climate change or the fight against racism or any other fight they come up with.

There is no reason to support any of this.

The trick now is not to recognize the lies for what they are. That is going to become very obvious soon.

The trick now will be learning to recognize the truth.

#151 AM in MN on 06.15.20 at 11:17 pm

Don’t believe the polls or the MSM or CBC, believe the numbers…

10 miles outside any Democrat controlled city in the US is a nice place to be. Peaceful and prosperous, why do so many people want to come to the USA if it isn’t a good place to live?

How many Somalis are trying to move TO Minneapolis, or increasingly it’s suburbs? They weren’t rioting either, they worked the businesses that got torched.

Before all the guilty white Liberals turn the USA and Canada, NZ, UK etc. into South Africa… perhaps they should all take a trip there first? Hard to get the rule of law and private property rights back once it’s lost.

Trump takes 40 states, and picks up 2 house seats in MN!

#152 Sail Away on 06.15.20 at 11:23 pm

#134 lager on 06.15.20 at 9:25 pm

amusing how rand ended up on social security

——————-

Oh yeah, real amusing.

‘Ended up on social security’ in the same way everyone here will end up ‘on’ CPP, or end up ‘on’ RRSP.

Foolishness. She paid into it and was fully entitled to her benefit. I too will end up on Social Security from working (and involuntarily paying into it) in the US and will likewise end up on CPP here.

If you want to slam somebody, use something legit. That was just dumb. And really weak.

#153 Slowly Boiling Frogs on 06.15.20 at 11:38 pm

For those who want a little more history of the 12th Ammendment in the last 200 years:

Starting with the election of 1804, each presidential election has been conducted under the Twelfth Amendment. Only once since then has the House of Representatives chosen the president in a contingent election, in the 1824 election as none of the four candidate won an absolute majority (131 at the time) of electoral votes: Andrew Jackson received 99 electoral votes, John Quincy Adams (son of John Adams) 84, William H. Crawford 41, and Henry Clay 37.

As the House could only consider the top three candidates, Clay was eliminated, while Crawford’s poor health following a stroke and heart attack made his election by the House unlikely.

Jackson expected the House to vote for him, as he had won a plurality of both the popular[C] and electoral votes. Instead, the House elected Adams on the first ballot with thirteen states, followed by Jackson with seven and Crawford with four

#154 DON on 06.15.20 at 11:55 pm

#145 VicPaul on 06.15.20 at 10:10 pm

#89 Faron on 06.15.20 at 6:50 pm
#68 S on 06.15.20 at 5:53 pm

#54 Faron on 06.15.20 at 5:30 pm

S –
Keep ’em coming kid. In these dark, hopeless days we all need good laughs.

—-
Faron –

Eventually the writing of folks like you will be preserved in a museum next to the lil’ black sambo cartoons. Your laughter will be seen as quaint and pitiable in how ill informed it was.

*********

Your Liberal trope of smug self-righteousness is threadbare. YOU brought the racial allusion to the exchange and then greasily attributed S’s laughter about your TDS to racism….gotta make it fit the narrative, eh?

That’s weak, man.

M56BC
*********************

I noticed that as well.

Equality means equality but the pendulum has a way of over swinging like Sail Away was getting at. A point is a point and to make a valid point is not taking one side over the other, it is simply a point. Debate is debate and no political correctness is required.

#155 Jay Currie on 06.16.20 at 12:11 am

Wow Garth…I write a fact based, mildly pro-Trump, comment and you delete it. Really.

Delightfully, you did let a few pro-Trump comments through which suggests that there might just be some hope.

The Dems managed to nominate a candidate worse than Hillary. Trump is a remarkably lucky man because, honestly, I really couldn’t have imagined a candidate worse than Hilly. But shotgun Joe, with his long record of supporting segregation and harsh, punitive sentences for crimes which were overwhelmingly committed by black people, takes the roses.

A million people have signed up to go to the Trump rally in Tulsa. I can’t imagine Biden even trying to hold a rally. He might be able to bus some union folks in and top 5000; but they would not be there for him, they’d be there because they were told to be.

The delete came for spreading a health falsehood. – Garth

#156 Lead Paint on 06.16.20 at 12:12 am

#142 Axehead on 06.15.20 at 10:00 pm

Way to misrepresent. No wonder people feel so threatened, they hear (or read) ‘disrupt’ but interpret ‘destroy’. From the website you claimed to have read:

We make our spaces family-friendly and enable parents to fully participate with their children. We dismantle the patriarchal practice that requires mothers to work “double shifts” so that they can mother in private even as they participate in public justice work.

We disrupt the Western-prescribed nuclear family structure requirement by supporting each other as extended families and “villages” that collectively care for one another, especially our children, to the degree that mothers, parents, and children are comfortable.

And

We embody and practice justice, liberation, and peace in our engagements with one another.

https://blacklivesmatter.com/what-we-believe/

#157 Gary Bhats on 06.16.20 at 12:26 am

I’m in the history camp. I expect the results of current social unrest will be a big yawn, like every other smoky hole since the 1960’s.

My call, the pandemic lock down drove mass numbers into a cathartic blowout state of ‘cabin fever’. Ergo, no sweat, the kids will tire themselves out, go home, go underground, who cares which. This will all be remembered as an exercise in youthful exuberance.

The Mayor of Seattle might have made the right call, albeit for the wrong reasons, that this will turn out to be a ‘summer of love’. Or as Shakespeare opined, ” a tempest in a teapot.

Bottom line, if you’re worried, then you need to sell until you’re not. Keep calm and carry on.

China is fudging numbers again, ‘boots on the ground’ in Beijing says the cluster is much more widespread than WHO reports.

https://www.cnbc.com/2020/06/15/who-calls-for-more-systematic-thorough-investigation-on-clusters.html

This ain’t over, riot-kids are causing new case numbers to spike all over.

Who remembers collecting UI on a Mexican beach? Is that going to happen again in large numbers the way it use to? The CERB extended, Yippe-O-Kiyay for the kids. Who wants to bus tables for $1300 a month when CERB pays $2000 and you get to play ‘hide the salam’ with the GF all day in Moms basement?

80% of people still gainfully employed, still paying their utility bills. Go easy money !!

#158 Sail Away on 06.16.20 at 12:35 am

Re: Wendy Mesley

When is someone going to refuse to apologize and instead publicly say something like:

“No, I will not apologize for my words. If you don’t like them, that’s fine; we’re all entitled to our opinion.”

That’s somebody I could support. Why does everyone apologize? Never apologize due to duress. Your enemies will forever afterward use the example of the huge error you made and admitted.

Maybe eventually a leader deserving of respect will appear. Maybe an immigrant? Venezuelan heritage, if we’re lucky.

#159 Deplorable Dude on 06.16.20 at 12:44 am

Ok…this is apparently a new strain….

Cut off China….cut if off now…completely.

https://www.bbc.com/news/world-asia-china-53054388

#160 Dragonslayer on 06.16.20 at 1:16 am

Dolce Vita, looks like Italian village giving away houses for one Euro. The catch is you have live in Calabria, which the article says is off the beaten track. And you have to commit to fixing up the house.

https://www.thelocal.it/20200612/were-covid-free-italian-villags-try-to-tempt-buyers-back-with-new-one-euro-homes-offers

#161 Ronaldo on 06.16.20 at 1:28 am

#120 BS

https://twitter.com/i/status/1256930962073665536
===================================

That was way too funny. I suspect similar or better results come November.

#162 Al on 06.16.20 at 1:28 am

“Ummm…many people forget that the population size of US is 330 million. By comparison Quebec has a population size of 8.5 million. US had 100,000 deaths from Covid and Quebec had 5,242 deaths”

Many people forget that cherry picking jurisdictions to prove a pre conceived point is very easy.

#163 Viorelli on 06.16.20 at 1:53 am

Lease defaults are everywhere! Many small businesses are on the brink, imagine a second wave and another shutdown in fall. Most small guys will fold. Global demand is weak, China does not need our lumber and oil. Their production is slow, Russia already built a pipe from Siberia without the first nations opposing. Some agreed, some are missing somewhere, who knows? A land of mystery. Our natural resources are downhill, Trudop is really worried about cerb and helping the 3rd world who are short on cash and ppe. That’s because all of their leaders seating on UN are swiss citizens with lots of estate holdings. That’s why the coffers are always empty for all but the few priveleged ones. Now, here in good old USA, Canada, and much of the western world we have more important issues to deal with: black lives matter, first nations rights, transgender rights in the military, refugees, tfw rights, the feminist movement, racist issues training, diversity at a workplace, white privilege. Who is gonna pay for all this when businesses are folding and a few people with brains and assets are relocating? I smell another Red October. Could be a different one like in Crimea or Ukraine, when the Russian leader decides to move in and protect its former citizens by a referendum. The might hold one in New York soon, you never know. After that you can forget about all your demands and right to burn and loot businesses. Rossgvardia was just given a permission to shoot on site without a trial if interests of a state, or law enforcement are in danger. Welcome to the new wild west folks! There are still a few spots on the planet without all this absurdity but one should make his plans now! All the leaders of third world already made that choice too, but they call it white privilege!

#164 DEFUND THE POLICE! on 06.16.20 at 2:37 am

https://www.youtube.com/watch?v=iJx11vxRPu4

#165 Kevin on 06.16.20 at 5:09 am

The price of labour is about to skyrocket. These CERB payments are going to ensure that labourers stop labouring. Then when the CERB eventually stops, there is no way anybody is going to do manual labour, never mind for low wages.
Stay at home and keep the pressure on the your politician. Most politicians will cave to get votes, never mind doing what is right.

#166 Wrk.dover on 06.16.20 at 6:28 am

Are the million would be Tulsa rally attendees, the same million that spilled out of the overflowing inauguration ceremony?

#167 maxx on 06.16.20 at 6:31 am

Done, done and done.

Started saving at 15. Good financial habits are simple to adopt and become automatic. There is no deprivation nor pain as you learn to stretch a buck in order to get everything you want (very nearly) on next to nothing. Dawgs are generally pretty clear on this, but most people haven’t the remotest clue about the power of cash. Money doesn’t just perform on the investment side, it is absolutely marvelous on the spend side as well.

Pay. Yourself. First…..Always.

#168 Headhunter on 06.16.20 at 8:02 am

Follow up from my hertz post last week…
Hertz is a black swan event IMHO.. system is being reset. Open your eyes and look around. Things are NOT going back to the way they used to be. Talk of USA goin back gold standard all over the net.. anyhoo.. Take this info and govern yourself accordingly

“This entire stock bubble enabled by the Fed’s flood of printed money into the financial system is little more than a money transfer mechanism from the public to the Wall Street banks, corporate CEO’s, private equity funds and other sundry beneficiaries (unicorn founders/employees, law firms, lobbyists, etc).”

“Hertz reflects the degree to which entire U.S. economic and financial system has deteriorated into a free-for-all for the wolves – foaming at the mouth – who are in a position to take advantage of this environment. Note to Robinhood traders: that’s not you.”

https://investmentresearchdynamics.com/hertz-symbolizes-the-complete-corruption-of-the-stock-market/

#169 Dharma Bum on 06.16.20 at 8:23 am

The current spate of events we are experiencing are a mere blip on the screen of history.
It seems like the end of the world, but it will all prove to be relatively insignificant in the grand scheme of things.
It’s one of those rare, but recurring, flareups.
Like a bad rash.
Annoying, but ultimately benign.
Part of the ebb and flow of life.
These situations always bring out the extremists. The crazies. The loudmouths.
Noisy but empty.
Stirring it up.
Their once in a lifetime chance to be heard.
The turmoil causes those that would otherwise be indifferent, to temporarily hop on the bandwagon and rally for “the cause” – whatever it may be at the time.
Like it’s fashionable, or something.
It’s cool to be a social justice warrior.
hah – especially when you can’t figure out your own life.
This can actually go on for many months.
Maybe even a year or two.
Eventually, however, the situation will normalize.
People will need to get back to their everyday, run of the mill routine workaday lives.
Jobs will start to come back.
People will start earning livings again.
Demand for goods and services will return.
People will revert to their default mode: self centredness.
Once everyone is back to being busy with their own survival – work, family, recreation, health, entertainment, maintenance, leisure, etc. – they’ll be too preoccupied to worry or think about or protest about the ills of the world.
Then, we’ll be back to looking after ourselves and our families, and concentrating on putting our own affairs in order before fruitlessly virtue signalling and futilely attempting to solve everyone else’s issues.
By 2023, this will all be a faded memory.
Like the thousands and thousands of bumps in the road that happened before.
Time to move on.

#170 Q2 DUPLEX DRIVE on 06.16.20 at 8:36 am

DELETED

#171 Q2 DUPLEX DRIVE on 06.16.20 at 8:43 am

P.S. Ronald Reagan disproves your fatuous theory about left/right.

Not my theory. Learn to read. Loved Reagan. – Garth

#172 Sail Away on 06.16.20 at 8:46 am

Re: Wendy Mesley, Gian Ghomeshi, CBC

And CBC takes the next step toward irrelevance by sacrificing another excellent program to the outrage of the day.

MeToo? Gian Ghomeshi, BLM? Wendy Mesley. Did they destroy any anchor programs during the 1% movement?

Nice to know there is a place to go for biased bland oatmeal ‘news’, delightfully quirky gay viewpoints and Trump bashing. Now they’ve cut off their nose and ear; pretty soon there’ll be nothing left to spite.

#173 robert james on 06.16.20 at 8:49 am

It would appear that Bunker Boy`s stooges are beginning to turn on him.. No doubt fake news !!! lol https://www.good.is/greatest-campaign-ad-ever-lindsay-graham-praises-biden-trashes-trump

#174 Phylis on 06.16.20 at 8:52 am

#117 Orange Man….Orange on 06.15.20 at 8:11 pm
#110 T on 06.15.20 at 7:50 pm
#17 Deplorable Dude on 06.15.20 at 3:46 pm
Over a million folks just signed up for Trump’s next rally.

Go ahead and believe the MSN polls if you want, worked out so well last time didn’t it……lol…

——————

This sounds a lot like his inauguration attendance numbers. But there is a large number of Trump believers, I will give you that.

_______________________

Yeah. If you look at CNN’s coverage there was no one there. But the rub was CNN took pix many hours before the inaugration. Kind of like taking pix of the Rose Bowl Parade the week before the Parade and claiming everyone was protesting flowers.

Wasn’t the inauguration broadcast live? – Garth

—————-
I watched it for the first time via the web. How were the numbers tabulated? Who was included as a viewer? I didn’t receive my mail in attendance record reporting ballot.

#175 Sail Away on 06.16.20 at 9:08 am

#156 Lead Paint on 06.16.20 at 12:12 am

https://blacklivesmatter.com/what-we-believe/

——————

Wow, LP. Here’s a tip:

When a document would be universally condemned as a xenophobic and discriminatory manifesto by simply changing out one race for another, it does not represent equality.

Try it. Report back.

#176 KelownaKarl on 06.16.20 at 9:52 am

Wow.

#177 Lead Paint on 06.16.20 at 10:03 am

#175 Sail Away on 06.16.20 at 9:08 am

I was correcting, not justifying. Try again.

#178 Tater on 06.16.20 at 10:30 am

#158 Sail Away on 06.16.20 at 12:35 am
Re: Wendy Mesley

When is someone going to refuse to apologize and instead publicly say something like:

“No, I will not apologize for my words. If you don’t like them, that’s fine; we’re all entitled to our opinion.”

That’s somebody I could support. Why does everyone apologize? Never apologize due to duress. Your enemies will forever afterward use the example of the huge error you made and admitted.

Maybe eventually a leader deserving of respect will appear. Maybe an immigrant? Venezuelan heritage, if we’re lucky.
————————————————————–

Says a lot about you how much you want to be able to use that word.

#179 Sail Away on 06.16.20 at 10:56 am

#177 Lead Paint on 06.16.20 at 10:03 am
#175 Sail Away on 06.16.20 at 9:08 am

I was correcting, not justifying. Try again.

——————

I was benevolently informing, not instructing. Your best interests are my best interests. We’re all in this together.

#180 Sail Away on 06.16.20 at 11:01 am

#178 Tater on 06.16.20 at 10:30 am
#158 Sail Away on 06.16.20 at 12:35 am

Re: Wendy Mesley

When is someone going to refuse to apologize and instead publicly say something like:

“No, I will not apologize for my words. If you don’t like them, that’s fine; we’re all entitled to our opinion.”

That’s somebody I could support. Why does everyone apologize? Never apologize due to duress. Your enemies will forever afterward use the example of the huge error you made and admitted.

Maybe eventually a leader deserving of respect will appear. Maybe an immigrant? Venezuelan heritage, if we’re lucky.

——————

Says a lot about you how much you want to be able to use that word.

——————

Eh? Which word? Opinion, support, apologize?

Not Venezuelan? I’m just saying that to subtly and subliminally kick off my own personal political campaign.

#181 Wrk.dover on 06.16.20 at 11:11 am

Hugo Chavez was my favorite World leader in his time. He was so cute and cuddly, I couldn’t figure out why an entrepreneur like Sail Away didn’t cash in on selling his likeness in Teddy Bear form for the kiddies to bond with.

Maybe Sail Away could do the same with Trump Dolls!

Potential for over a million sales in Tulsa alone.

Every cradle should have one.

Then Sail Away won’t end up on social assistance like anti social assistance Hero-Anne Rand, in the dotard years!

#182 Wrk.dover on 06.16.20 at 11:14 am

Like she deserves my respect of spelling her name properly….

#183 holly on 06.16.20 at 11:48 am

LOL…
Biden couldn’t fill a High School gym… Trump just got over a million requests for tickets to his rally Sat in a 20,000 seat venue.
But Trumps in biiiigggg trouble?
Oh well the virtue crowd still have Mail-in Ballots to play games with so we’ll see…

#184 Sail away on 06.16.20 at 11:50 am

#182 Wrk.dover on 06.16.20 at 11:14 am

Like she deserves my respect of spelling her name properly….

——————

Good catch, Wrk.d. Like you know how to spell.

Here’s Ayn Rand’s actual statement about accepting government benefits:

“Since there is no such thing as the right of some men to vote away the rights of others, and no such thing as the right of the government to seize the property of some men for the unearned benefit of others—the advocates and supporters of the welfare state are morally guilty of robbing their opponents, and the fact that the robbery is legalized makes it morally worse, not better. The victims do not have to add self-inflicted martyrdom to the injury done to them by others; they do not have to let the looters profit doubly, by letting them distribute the money exclusively to the parasites who clamored for it. Whenever the welfare-state laws offer them some small restitution, the victims should take it . . . .”

#185 NFN_NLN on 06.16.20 at 11:59 am

Karen logic prevails, we’re winning the war on COVID-19:

“As poor countries around the world struggle to beat back the coronavirus, they are unintentionally contributing to fresh explosions of illness and death from other diseases — ones that are readily prevented by vaccines. This spring, after the World Health Organization and UNICEF warned that the pandemic could spread swiftly when children gathered for shots, many countries suspended their inoculation programs. Even in countries that tried to keep them going, cargo flights with vaccine supplies were halted by the pandemic and health workers diverted to fight it.

Now, diphtheria is appearing in Pakistan, Bangladesh and Nepal. Cholera is in South Sudan, Cameroon, Mozambique, Yemen and Bangladesh. A mutated strain of poliovirus has been reported in more than 30 countries. And measles is flaring around the globe, including in Bangladesh, Brazil, Cambodia, Central African Republic, Iraq, Kazakhstan, Nepal, Nigeria and Uzbekistan. Of 29 countries that have currently suspended measles campaigns because of the pandemic, 18 are reporting outbreaks. An additional 13 countries are considering postponement. According to the Measles and Rubella Initiative, 178 million people are at risk of missing measles shots in 2020. The risk now is “an epidemic in a few months’ time that will kill more children than Covid,” said Chibuzo Okonta, the president of Doctors Without Borders in West and Central Africa. As the pandemic lingers, the W.H.O. and other international public health groups are now urging countries to carefully resume vaccination while contending with the coronavirus.”

#186 Deplorable Dude on 06.16.20 at 12:05 pm

#96 Linda “ Could Trump manipulate the voting system to win the US election?”

What are you basing this comment on? Trump has repeatedly said he wants national voter id to stop fraud.

It’s the Dems that consistently rally against any kind of id use, claiming it’s discriminatory….despite you needing id for just about every other Government/public service.

#187 Faron on 06.16.20 at 12:12 pm

#184 Sail away on 06.16.20 at 11:50 am
#182 Wrk.dover on 06.16.20 at 11:14 am

I was pleased to see that she saw herself a victim in the end. Poor lass was probably forced to use roads, be protected by police, and generally operate in a stable, civil society because of all those tax dollars fleeced off of her. Horrible how she was treated.

#188 Wrk.dover on 06.16.20 at 12:35 pm

#184 Sail away on 06.16.20 at 11:50 am
#182 Wrk.dover on 06.16.20 at 11:14 am

Good catch, Wrk.d.

————————————–

Exactly what it was. Thanks!

#189 willworkforpickles on 06.16.20 at 12:43 pm

Too bad Lubor Zink isn’t around anymore to teach millennials the evils of communism and socialism.
And why people from former soviet block countries and Cuba in general now living stateside so adamantly support Trump regardless of his many quirks.

#190 Sail away on 06.16.20 at 12:44 pm

#188 Faron on 06.16.20 at 12:12 pm
#184 Sail away on 06.16.20 at 11:50 am
#182 Wrk.dover on 06.16.20 at 11:14 am

I was pleased to see that she saw herself a victim in the end. Poor lass was probably forced to use roads, be protected by police, and generally operate in a stable, civil society because of all those tax dollars fleeced off of her. Horrible how she was treated.

—————-

I’m pretty sure she finished out her life with John Galt in a fiercely capitalistic utopian society hidden deep in the Colorado mountains and only precipitously accessible via small prop plane.

#191 Damifino on 06.16.20 at 12:45 pm

#187 PBrasseur

Taxing more capital gains would be a disaster for Canada, [….]Even the Liberals are not dumb enough to do that
———————————–

Really? It’s the son of Pierre we’re talking about. Give him a majority, then consider it done.

#192 SoggyShorts on 06.16.20 at 12:45 pm

#186 Deplorable Dude on 06.16.20 at 12:05 pm
#96 Linda “ Could Trump manipulate the voting system to win the US election?”

What are you basing this comment on? Trump has repeatedly said he wants national voter id to stop fraud.

It’s the Dems that consistently rally against any kind of id use, claiming it’s discriminatory….despite you needing id for just about every other Government/public service.
***************************
I assume it’s tactics like voter suppression.
I mean he says he wants national voter i.d., but he knows it won’t happen in time for the election, therefore he can crackdown on what i.d. is accepted.
This I believe will statistically reduce the number of dem voters more than rep voters.

Isn’t that how all voter-suppression laws work?

1. You conduct a study of who votes for which party
2. You check to see how and when they vote
3. You enact laws to prevent that

E.G. You see that in this state blacks mostly vote Dem, and mostly vote between 4-7 pm
So you close the polls at 4pm

The same concept could work for Trump by requiring voter i.d., or for mail-in ballots
Lately, he’s had a huge hate-on for mail-in ballots- I’m guessing it’s not because he’s actually worried about fraud but rather that it’ll somehow be to his advantage to reduce peoples ability to do so.

#193 Faron on 06.16.20 at 12:54 pm

#186 Deplorable Dude on 06.16.20 at 12:05 pm

“What are you basing this comment on? Trump has repeatedly said he wants national voter id to stop fraud.”

But there is almost no fraud in the voting system whenever it’s investigated. Recall how Trump started a commission to investigate voter fraud? Recall how that died quietly because there was no indication of Fraud? Recall that’s how numerous researchers saw the situation before Trump wasted taxpayer dollars on his ego driven commission? He was convinced the popular vote (that he lost by a YUGE margin) was rigged. It wasn’t.

Is he afraid of vote by mail (which has worked flawlessly in numerous states for decades)? Yes, and it has nothing to do with fraud. Any reform he or the repubs are asking for are crafted to look idealistic to people like Deplorable, but are intended to increase or retain repub power in a country that is increasingly immigrant and nowadays poor. If an election was held with high turnout, everyone knows the repubs would go down in flames.

#194 Stan Brooks on 06.16.20 at 1:00 pm

Lil’ sox boy spending future generations (including you and your kids future) taxes buying votes at the rate of 16 + billion a month for CERB alone.

https://ca.finance.yahoo.com/news/cerb-extended-eight-weeks-152840396.html

Snap of a finger and voila, 32 billions + gone instantly.
So easy to spend other people’s money.

Reminder: he never ever worked real work in his live.

Oh, I would so enjoy this shit-show from a place far, far away.

#195 Democracy Is Mob Rule on 06.16.20 at 1:08 pm

#140 Deplorable Canadian on 06.15.20 at 9:45 pm
#39 Deplorable Canadian
“So of course Castro got the support of the people and its been much better off since he took power”
++++++++++++++++++++++
You obviously don’t know what you are talking about.
Why do you think Havana today looks like it was bombed?
—————————————————————–
Several years ago I took the Viazul bus to Havana from Varadero. I stayed in a hotel with an open air rooftop restaurant. My first thought on seeing the view was “this must be what Europe looked like at the end of WW2”. The roof tops of all the buildings are missing. You can see partial walls and doorways of what used to be someone’s room. You don’t see that from street level.

I visited a town close to the beach resort. I saw people riding bicycles that looked like they had been rusting in the garbage dump for years and then someone dug them out. I saw horse drawn carts used as taxis. I saw people out in public with holes in their shirt and their shoes.

The people I spoke with all wanted to escape to another country. They said that very quietly and close to my ear, so their neighbors wouldn’t hear them and report them to the police.

Fidel Castro was a billionaire when he died.

#196 S on 06.16.20 at 1:09 pm

#54 Faron on 06.15.20 at 5:30 pm

“I’m also dismayed about what has transpired under Trump and his media arm, Fox News.”

#89 Faron on 06.15.20 at 6:50 pm

“Eventually the writing of folks like you will be preserved in a museum next to the lil’ black sambo cartoons. Your laughter will be seen as quaint and pitiable in how ill informed it was.”

FYI, my reply was not about Trump but your reference to Fox network. Silent you are about CBC, a well known propaganda arm of the Liberal Party of Canada and it’s current leader, or CTV which lately seems to want to race CBC to the far left. BTW, on the American side, CNN is not exactly a bastion of impartiality. As for my views on Donald Trump I am conflicted. He should focus on his job and stop tweeting.
You posted a hasty reply, accused me of views I do not hold and in the process managed to make a fool of yourself which other posters here called you on. Own it!

#197 Looking up on 06.16.20 at 1:19 pm

Lil’ sox boy spending future generations (including you and your kids future) taxes buying votes at the rate of 16 + billion a month for CERB alone.

https://ca.finance.yahoo.com/news/cerb-extended-eight-weeks-152840396.html

Snap of a finger and voila, 32 billions + gone instantly.
So easy to spend other people’s money.

Reminder: he never ever worked real work in his live.

Oh, I would so enjoy this shit-show from a place far, far away.

————————

Ok, what’s your suggestion on how to keep businesses and people afloat until things open up?

And where would this far away place you speak of be since every country that has the resources is doing the same thing?

#198 S on 06.16.20 at 1:28 pm

#195 Stan Brooks on 06.16.20 at 1:00 pm

I said it here before, be weary of “Wealthy Socialists.” Having made their fortune and assuring their families financial security for generations to come they seek to block the path to prosperity for others. Mr. Trudeau is a very wealthy man, but not due to his own efforts. His children and grandchildren will also be wealthy. Our children will be his children’s serfs should he be allowed to continue implementing his economic/social policies. I

#199 Howard on 06.16.20 at 1:35 pm

#198 Looking up on 06.16.20 at 1:19 pm
Lil’ sox boy spending future generations (including you and your kids future) taxes buying votes at the rate of 16 + billion a month for CERB alone.

https://ca.finance.yahoo.com/news/cerb-extended-eight-weeks-152840396.html

Snap of a finger and voila, 32 billions + gone instantly.
So easy to spend other people’s money.

Reminder: he never ever worked real work in his live.

Oh, I would so enjoy this shit-show from a place far, far away.

————————

Ok, what’s your suggestion on how to keep businesses and people afloat until things open up?

————————————–

Make it a loan rather than a grant. People who didn’t set aside a rainy day fund should not be stealing tax money from those who did. I presume you belong to the former group.

#200 Stan Brooks on 06.16.20 at 1:39 pm

#198 Looking up on 06.16.20 at 1:19 pm
————————

Ok, what’s your suggestion on how to keep businesses and people afloat until things open up?

And where would this far away place you speak of be since every country that has the resources is doing the same thing?

People and businesses should use their savings. Don’t have any? Up to the eyeballs in debt? Too bad.
Then there is EI.

Nobody is obligated to support gamblers and debt junkies with no savings.

We have no resources for this largesse as we have one of the largest total debt per capita in the whole world.

I am certainly not fine with my kids having to pay for lazy bums who failed to save, watching Netflix through their future taxes so I choose to pay my taxes elsewhere.

I will not contribute a dime to the incompetent drama teacher ‘society’ that incentivizes parasites.

Cheers,

#201 Stan Brooks on 06.16.20 at 1:44 pm

#199 S on 06.16.20 at 1:28 pm
#195 Stan Brooks on 06.16.20 at 1:00 pm

I said it here before, be weary of “Wealthy Socialists.” Having made their fortune and assuring their families financial security for generations to come they seek to block the path to prosperity for others. Mr. Trudeau is a very wealthy man, but not due to his own efforts. His children and grandchildren will also be wealthy. Our children will be his children’s serfs should he be allowed to continue implementing his economic/social policies.

Correct. Not my children or me though. Good luck in finding enough and of sufficient quality debt slaves/surfs.

Cheers,

#202 Tim on 06.16.20 at 1:50 pm

The comments here, and the overall position against CERB, is telling.

In the abstract, I think most reasonable people understand that sometimes the public sector has to spend money to support the public good. At least, they would admit it in the abstract, even if they’re opposed to one or another seemingly wasteful spending, there’s some set of circumstances that would justify borrowing and spending.

To help make sure people stay home and avoid spreading the virus would be a good reason. You want people to not die, right? Even old people and sick people, right?

I understand that people object on a visceral level to paying people more to stay home than they would make at their job. But you want people to stay home. Otherwise there’s no point. So you gotta give them enough to make it feasible.

So what these comments really illustrate to me is that at root, a lot of people believe that the government should never spend money. Not even in an emergency.

#203 lager on 06.16.20 at 1:51 pm

@#152 Sail Away on 06.15.20 at 11:23 pm
#134 lager on 06.15.20 at 9:25 pm

amusing how rand ended up on social security

——————-

Oh yeah, real amusing.

‘Ended up on social security’ in the same way everyone here will end up ‘on’ CPP, or end up ‘on’ RRSP.

Foolishness. She paid into it and was fully entitled to her benefit. I too will end up on Social Security from working (and involuntarily paying into it) in the US and will likewise end up on CPP here.

If you want to slam somebody, use something legit. That was just dumb. And really weak.
________________________

You are the definition of dumb and weak on here.

#204 jess on 06.16.20 at 1:56 pm

Sydney’s ‘worst’ apartment tower for defects forces industry shake-up

https://www.smh.com.au/national/nsw/sydney-s-worst-apartment-tower-for-defects-forces-industry-shake-up-20200609-p550vi.html

Building watchdog warns he will clamp down on ‘shameful’ developers
https://www.smh.com.au/national/nsw/building-watchdog-warns-he-will-clamp-down-on-shameful-developers-20200603-p54yzs.html

=======
travelers
New Zealand’s COVID-free run comes to a sudden end

Two women who travelled from Britain to Wellington for a funeral have tested positive for COVID-19.

#205 unbalanced on 06.16.20 at 1:58 pm

The best result or outcome is to keep your comments or opinions to yourself. You have to be so careful. You can’t say anything. You can’t trust any one. The truth hurts and always will!

#206 Looking up on 06.16.20 at 2:02 pm

#198 Looking up on 06.16.20 at 1:19 pm
Lil’ sox boy spending future generations (including you and your kids future) taxes buying votes at the rate of 16 + billion a month for CERB alone.

https://ca.finance.yahoo.com/news/cerb-extended-eight-weeks-152840396.html

Snap of a finger and voila, 32 billions + gone instantly.
So easy to spend other people’s money.

Reminder: he never ever worked real work in his live.

Oh, I would so enjoy this shit-show from a place far, far away.

————————

Ok, what’s your suggestion on how to keep businesses and people afloat until things open up?

————————————–

Make it a loan rather than a grant. People who didn’t set aside a rainy day fund should not be stealing tax money from those who did. I presume you belong to the former group.

————————-

Actually, I wasn’t affected by this crisis at all, so don’t need the cerb. I don’t think a loan would work, because many people got their businesses, jobs etc pulled out from under them Suddenly by a black swan event. Look at
it as immediate unemployment insurance to which most would have been entitled anyway. There really was no other viable option. And no I didn’t vote for Trudeau.

#207 Stan Brooks on 06.16.20 at 2:13 pm

#207 Looking up on 06.16.20 at 2:02 pm

People should have savings.

Paying people who failed to save in order to support themselves for a mere few months with other people’s money/future generation taxes is irresponsible and incentivizes wrong behavior.

Many of these people have ‘million dollar’ homes.

I am NOT paying for that.

Cheers,

#208 Looking up on 06.16.20 at 2:22 pm

Again Stan,

This was immediate UIC. They clumped it all together and if you applied for UIC there was no difference.

Will there be abuse? For sure there always is but again no viable alternative. Your argument is like saying, everyone should have savings so the should not be such a thing as unemployment insurance. Not realistic and the outcome much much worse.

#209 Tater on 06.16.20 at 2:23 pm

#208 Stan Brooks on 06.16.20 at 2:13 pm
#207 Looking up on 06.16.20 at 2:02 pm

People should have savings.

Paying people who failed to save in order to support themselves for a mere few months with other people’s money/future generation taxes is irresponsible and incentivizes wrong behavior.

Many of these people have ‘million dollar’ homes.

I am NOT paying for that.

Cheers,
———————————————-

For everyone in the private sector to have savings (even in aggregate), the government has to have debt.

And the Canadian government doesn’t need to tax anyone to spend money. They can simply print it.

I like seeing the rants of people who don’t understand monetary sovereignty and think we still are under the gold standard or Bretton Woods.

#210 Toronto_CA on 06.16.20 at 2:23 pm

Re the 2 new cases in NZ

The virus isn’t going to leave us for a few years at best; if it’s not around forever like many coronaviruses.

You can’t keep it out forever unless you’re willing to lock people up on arrival in effectively a jail cell, which means no tourism for an economy that is what? 25% tourist based?

New Zealand should open up and get it over with. The wait for a vaccine or some cure for the symptoms is a long, long way off and they can’t afford to be shut out from the world for years.

#211 Attrition on 06.16.20 at 2:24 pm

It’s getting harder to dismiss TurnerNation’s proclamations about the future present…

CERB goes on and on; the State pays all; a UBI dryrun with data to be skewed.

And now we’ve got Trudy saying that migrants will have a “pathway to citizenship” for doing work Canadians don’t want to do: agricultural labour.

Isn’t that what that U.N. agreement about mass migration was all about?

I’m all for immigration, especially humanitarian or economic. But mass migration of the impoverished? How does that fit into a model of prosperity and a rising standard of living for a nation?

What looks like a duck and quaks like a duck usually is, and this quacks like some serious new socialism.

#212 Faron on 06.16.20 at 2:24 pm

#199 S on 06.16.20 at 1:28 pm
#195 Stan Brooks on 06.16.20 at 1:00 pm
#200 Howard on 06.16.20 at 1:35 pm
#198 Looking up on 06.16.20 at 1:19 pm

For those of you complaining about extending CERB, it would be interesting to know what you do for a living. If it *at all* saw growth attributable to deficit spending maybe you should be thankful that the indebted and jobless are being supported in order to better support the economy you are inextricably a part of now and were a beneficiary of when the bubble was inflated.

This calculation is naive and may be wrong. But, personal debt is now at ~2T if you include mortgage debt. The Canadian Economy is roughly 1.7T. Say the debt bubble grew from 2000 onward. That’s 0.1 T per year. That’s 5.8% of GDP and that is much higher than the GDP growth rate. It’s probably safe to say that everyone in this economy has benefited from increases in debt, so perhaps slandering the aphid you milk nectar from is misplaced? All the CERB dollars will trickle up to you anyhow.

#213 Faron on 06.16.20 at 2:35 pm

#200 Howard on 06.16.20 at 1:35 pm

“Make it a loan rather than a grant.”

Well, it kind of already is a loan that will be repaid through taxation. But, if you made it a loan program that had a 10 year term and an interest rate of the 10yr fed bond, you might have something.

If you made it a loan that could be turned into a grant if the borrower worked x years at a service oriented job or simply to relocate to BFE Canada to help that local economy, then I could get behind some portion of CERB being a loan.

My strong preference (and here is a rare support for a Trump policy from me) would be that the dollars be paid for employment in projects aimed at infrastructure improvement. Much of the oil sector has transferable skills and would probably be happy to take the work on.

#214 Blog Bunny on 06.16.20 at 2:38 pm

White privilege, just like the rest of the left’s mass hysteria, is a social construct. I am so tired of this shit and honestly do not care. I never judged my friends on the color of thier skin. If someone brings this up, he is the racist.

On the other hand, be careful of the emerging dictatorship restricting our freedoms. Beware of the communists. Beware of mob violence for ”wrongthink”. Those are the real issues we have to face.

#215 Faron on 06.16.20 at 2:41 pm

Hmmmm, stocks way up but VIX is flat and flirting with positive territory. Careful out there.

#216 Lambchop on 06.16.20 at 2:59 pm

#212 Attrition on 06.16.20 at 2:24 pm

It’s getting harder to dismiss TurnerNation’s proclamations about the future present…

this quacks like some serious new socialism.

___________________

Some of the things TN says are definitely starting to get connected to other dots out in the world and a quacky picture is slowly emerging.

#217 Tater on 06.16.20 at 3:04 pm

#216 Faron on 06.16.20 at 2:41 pm
Hmmmm, stocks way up but VIX is flat and flirting with positive territory. Careful out there.
————————————————————-

And? 19 day realized vol is 40, and 30 day is at 27. VIX should be firm or rising.

#218 TurnerNation on 06.16.20 at 3:13 pm

#211 Toronto_CA what happened to Zika, H1N1, Sars, Bird Flu? Nothing. No cure. These are mainly diseases of the Media…

Ignore the new global order being rolled out under the guise of CV at your peril.

#219 belly rubs on 06.16.20 at 3:30 pm

We took my buddy’s border collie to the river for a run. Down at the water’s edge, an elderly fellow of Asian heritage was fishing, casting out and reeling in, until he caught a fish. It must have been a biggun, ’cause it hit the the line and pulled the rod right out of the fellow’s hands. Away went the fish, hook, line and rod. The fellow is beside himself, and tried to express his frustration to us, two western Canadian river rats, observing and chuckling.

Buddy yells to his dog, “Get the stick!” The border collie leaps into the water and chases down the rod, grabs it in his teeth and paddles back… with the fish! The fellow was so amazed and excited by the recovery, he gave us $20 (insisted) to buy the dog treats. Now I wave to the old fellow when I see him. Just doing my bit to let the old guy know we got his back.

Now, more than ever, be neighbourly.

#220 Bill on 06.16.20 at 4:15 pm

#22 Yukon Elvis on 06.15.20 at 4:06 pm
“I dislike Trump. A lot. But Joe Biden is senile and incoherent half the time.”
You think Biden is worse than trump? You do realize that those videos of Biden are cherry picked, right? Have you actually listened to Trump? Try reading back transcripts of Trump answering questions. It’s nonsensical. The question is meaningless because he switches topics after 10 seconds, and that’s only if he doesn’t flip it around and criticize the journalist for asking a question he doesn’t like. Trump is an embarrassment and is normalizing his immature antics. What kind of a person makes up pet names for people in office? It’s disgraceful and juvenile. We used to hold the president to a higher standard.

#221 Faron on 06.16.20 at 4:41 pm

#211 Toronto_CA on 06.16.20 at 2:23 pm

Re the 2 new cases in NZ

Great article in the New Yorker about Iceland’s handling of COVID. 0.5% death rate. Perhaps NZ will follow that lead. Society there (Iceland) is wide open and the means are in place to test visitors. Would be some nice opportunities to see parts of the world without the throngs of tourists. They looked ahead, prepared, and let health authorities guide them.

Also, new econ numbers show Sweden may have saved their economy lots of damage with their approach. A tip of my cap to you Toronto_CA.

#222 QuebecCityOliver on 06.16.20 at 11:13 pm

12th Amendment gives one vote to each STATE DELEGATION. Not each state.

That delegation is decided by the House representatives from each state. Thus Wisconsin which voted by about 100,000 more votes (in the House elections) for Democrats and thus elected 3 out of the 8 seats to the Republicans 5 would be dominated by a Republican majority despite almost certainly not voting for the Republican candidate.
If it goes to the house, Trump wins. The senate would choose the VP. IF the Democrats have won more than 4 seats then the election shouldn’t be close.

#223 cramar on 06.17.20 at 9:52 am

Not only the pandemic, but the stock market is contributing to the growing wealth divide. Since the 2000 dot-com crash incomes have stagnated, but the stock market has risen dramatically.

Since the middle of March, many average people have lost their jobs, but billionaire wealth has increased 21%. The FED, in trying to get America back to work, has actually fuelled this wealth inequity.

The disconnect between the real economy and stock markets will likely get worse and fuel unrest.

The wealthy have lots of saving to invest. Average people do not.

Also nothing said about real estate, but in Canada, the average Joe puts his investment money and hopes into a house.

Inequality in America was huge before the pandemic. The stock market is making it worse

https://www.cnn.com/2020/06/17/investing/stock-market-inequality-coronavirus/index.html

#224 Axehead on 06.17.20 at 12:10 pm

148 Lead Paint.

Distruption of the nuclear family is still a negative result and a reprehensible goal. Why no retribution regarding the neo-Marxist leanings of BLM, eh comrade?